Trump Tariff Moves and Market Insights

February 4, 2025

DENVER, Colo., Feb 04, 2025 (247marketnews.com)- Trump signed an order, over the weekend, to impose 25% on imports from Canada and Mexico, and 10% on imports from China, in part to halt the flood of fentanyl and illegal immigration into the U.S.

Goldman Sachs (NYSE:GS) stated that President Donald Trump’s tariffs on Canada, China, and Mexico “will be temporary”, but could drag the S&P 500 down by about 5%, while the Financial Times reported  the investment banking giant thought that “a last-minute compromise cannot be completely ruled out.”

J.P. Morgan’s (NYSE:JPM) Wealth Management team published their thoughts concerning Trump’s new tariffs and recommended that “Investors should focus their strategy on the long term.”

Some companies, like Siyata Mobile. (NASDAQ:SYTA) already made moves to relocate their manufacturing operations to the U.S. In Siyata’s case, they announced, in December, that they’re redomiciling its current 4G and next generation 5G PTT handset manufacturing operations from China, this year.

Marc Seelenfreund, Siyata’s CEO, commented, “We began working on a manufacturing relocation plan earlier this year and are proud to announce today that we expect to begin manufacturing operations in the U.S. in the first quarter of 2025. This is an important strategic move that we believe will open up additional sales opportunities globally, particularly in the U.S., and help us to further scale our business. Users of our devices, especially governmental agencies and first responders, value America manufactured products, but just as important, this move will enable us to shorten delivery lead times and operate within a stronger logistics infrastructure. We are very excited to be making this move and believe it is an important milestone for Siyata.”

Siyata will soon host an event “to reveal details about its most significant development in its history,” about which Seelenfreund stated, “Siyata is entering a transformative phase, and this development marks the culmination of months of strategic negotiations and execution. All shareholders are strongly encouraged to attend to appreciate the significant implications for 2025.”

However, for many companies relocating manufacturing operations will be much more difficult, with General Motors (NYSE:GM), Ford Motor (NYSE:F) and Constellation Brands (NYSE:STZ) commonly cited among the brands that could be harmed if the tariff move is not reversed.

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