SA Graphics: Do tariffs contribute to lowering the U.S. fiscal deficit?
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
U.S. Federal Budget Deficit: The U.S. federal budget deficit has reached $1.97 trillion for the fiscal year, with projections indicating it could be the largest deficit outside of the COVID-19 pandemic years. However, the deficit saw a 9% year-over-year decrease to $345 billion in August, aided by record customs duties revenues of $165.2 billion.
Impact of Tariffs on Economy: Higher tariffs are expected to reduce investment and productivity, slowing economic growth, but they may also lead to increased domestic production in certain industries and provide more funds for private investment, partially offsetting the negative effects on the economy.
Analyst Views on TBT
Wall Street analysts forecast TBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TBT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.590
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
