Gold at $2,600... But This Stock Gives You More for Under $20

Gold just soared over $2,600 an ounce. But what if I told you there's a way to get exposure to MORE than an ounce of gold... for less than $20? I've found a little-known gold play that gives you a way to claim a stake in over an ounce of gold for a fraction of the price. But I don't expect this to last long.

Here's How One Law Could Activate Trump's Universal Tariff Nationwide

Bibhu Pattnaik
September 01, 2024

Donald Trump has hinted at imposing a universal tariff on all goods imported into the U.S. should he be returned to the White House. This could significantly affect the $3 trillion worth of goods that are imported into the country annually.

What Happened: Trump’s proposed tariff could range anywhere between 10 percent and 20 percent. The former president has also suggested a 60 percent tariff on all Chinese goods, building on the 7.5 percent or 25 percent duties he previously imposed on over $300 billion worth of Chinese goods in 2018 and 2019.

Trump could potentially use the International Emergency Economic Powers Act (IEEPA) to control economic transactions post-emergency declaration. This could also allow him to phase out imports of essential goods from China over a four-year period.

However, free-market economists have expressed concerns that a universal tariff could fuel inflation and increase the cost of everyday goods. Democratic nominee Kamala Harris has criticized Trump’s tariff proposal, labeling it a “national sales tax” on American families.

Also Read: Anthony Scaramucci Says Donald Trump's Divisive Tactics Will Lead To ‘The First African-American Woman President'

Despite the criticism, some believe that the IEEPA provides a legal path for Trump to proceed with his plans. “If he wants to do something on Day One that has a big impact, IEEPA is the only answer that is credible,” said Bill Reinsch, a former senior Commerce Department official.

Read Also

  • Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool

The Trump campaign has not yet revealed how it plans to implement his trade promises or whether to expect him to issue any trade executive orders during his first week.

Why It Matters: The potential imposition of a universal tariff by Trump could have far-reaching implications for the U.S. economy.

It could significantly affect the cost of goods, potentially leading to inflation and increased costs for everyday items.

Furthermore, it could disrupt trade relations with other countries, particularly China, which could have its own set of economic consequences.

However, it remains to be seen how Trump’s plans will be implemented, if at all. The IEEPA does provide a legal avenue for such a move, but whether Trump will take this route is still uncertain.

As the election draws closer, the potential impact of Trump’s proposed universal tariff will undoubtedly continue to be a topic of intense debate.

Read Next:

Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival

This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Image: Shutterstock

Continue Reading...

Popular

California Senate passes bill aimed at preventing gas price spikes

SACRAMENTO, Calif. (AP) — The California state Senate passed a measure Friday to prevent gas prices from spiking in a state where it is notoriously expensive to fill up at the pump.

Jamie Dimon Warns Of Global Risks To Economy: 'Treacherous And Getting Worse'

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE: JPM), has issued a stark warning about key challenges that could affect the U.S. economy.

AI's "iPhone Moment" - Ad

Apple is making a major move. And what they're doing could be bigger than the launch of the first iPhone. Destroying and creating fortunes in the process.

China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurk

VIENTIANE, Laos (AP) — Chinese Premier Li Qiang called for deeper market integration with Southeast Asia on Thursday during annual summit talks where territorial disputes in the South China Sea are likely to be high on the agenda.

2024 -- The Real Election Year Surprise - Ad

In 2016, the October Election Surprise was Hillary Clinton's email scandal... In 2020, the October Election Surprise was the suppression of all the dirty material on Hunter Biden's "forgotten" laptop... Now, in 2024, we're forecasting an October Election Surprise that almost no one sees coming -- and this time it'll be way more devastating than anything you've seen before.

PepsiCo lowers revenue forecast as sales growth weakens

PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to on buying its snacks and drinks.

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

BlackRock's Steady Climb: Q3 Earnings Beat Projections, Assets Under Management Soars To $11.5T

BlackRock, Inc. shares rise on Q3 results, with $5.197 billion revenue and $2.13 billion operating income. Net inflow of $221 billion and adjusted EPS of $11.46.

Act by October 22nd: Discover Elon's Mind-Blowing New Invention! - Ad

When you click here you'll discover what Elon Musk's newest invention can do... And how it works... You might think it's straight out of a sci-fi movie. But Elon just conducted a real-life test on a human, and the outcome was astonishing.

For migrant women who land in Colorado looking for jobs, a common answer emerges: No

AURORA, Colo. (AP) — East Colfax Avenue was the best place to find a job. That's what everyone told Sofia Roca.

Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1% - Ad

Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."

Pete Buttigieg And Elon Musk Clash Over Hurricane Aid Flight Claims

Department of Transportation Secretary Pete Buttigieg took aim at Elon Musk on Friday over allegations that federal authorities hindered flights delivering aid to Hurricane Helene victims.

Bill Gates' Mysterious New AI Project Revealed - Ad

Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.

Bankrupt EV Maker Fisker Under US SEC Investigation For Potential Securities Law Violation

The U.S. Securities and Exchange Commission is investigating bankrupt EV startup Fisker, the regulator said in a filing dated this month.

Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Teva Launches Generic Version Of Sandostatin In The US

Shares of Teva Pharmaceutical Industries (NYSE: TEVA) are down Tuesday. Here's what you need to know.

Mark Cuban, An Ardent Kamala Harris Supporter, Isn't Keen On Elizabeth Warren As He Is On Her Pro-Crypto GOP Rival: Here's Why

Billionaire investor and television celebrity Mark Cuban has thrown his support behind Republican Senate hopeful John Deaton, who is running against anti-cryptocurrency crusader Sen. Elizabeth Warren (D-Mass.).

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

UK leader Starmer is on a 1-day visit to EU headquarters hoping to heal ties battered by Brexit

BRUSSELS (AP) — British Prime Minister Keir Starmer traveled to Brussels on Wednesday on a mission to try to , which disintegrated as the country left the world’s biggest trading bloc four years ago.

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

Speaker Johnson lays out agenda for Republicans as they fight to hold House majority

WASHINGTON (AP) — Speaker laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when was president, reduces the size of the federal workforce and gives parents more choice on where they can send their children to school.

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

Revealed: The #1 DeFi Coin Driving Financial Revolution. Experts hail this as the cornerstone of the new decentralized finance era. While Bitcoin dominates headlines, this governance token is quietly reshaping lending markets. Experts suggest accumulating before institutional money flows in.

Mexico sends 660 soldiers, National Guard to protect lime growers suffering extortion by cartels

MEXICO CITY (AP) — Mexico has sent 660 soldiers and this month to the western state of Michoacan to protect lime growers who complained they were suffering extortion demands by cartels.

The 2024 Altcoin Eruption Is Almost Here (Get in by Nov. 4) - Ad

In late 2020, Ian King urged his readers to take advantage of a rare altcoin eruption event with the chance to experience gains as high as a potentially life-changing 18,325% over the next 12 months. Today, Ian is releasing a new, surprise prediction. He says 3 specific "alt" coins will ride Bitcoin's final bull run, and the potential gains could be spectacular... if you get in before November 4th.

Before you sign up for a store credit card, know what you're getting into

NEW YORK (AP) — When Mykail James was 19 and working a holiday job at Victoria's Secret, she took out a store credit card with a $2,000 credit line.

Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment

Business mogul Mark Cuban once made a spontaneous purchase of a lifetime flight pass from American Airlines during a celebratory spree, later upgrading it.Business mogul Mark Cuban once made a spontaneous purchase of a lifetime flight pass from American Airlines during a celebratory spree,

10X More Profitable Than Physical Gold? - Ad

There's a backdoor gold play that could deliver 10 TIMES bigger gains than physical gold. In fact, this single investment has outperformed gold by 10-to-1 over the past 25 years... and FAR outperformed most gold stocks

AT&T exits showbiz, sells remaining stake in DirecTV to private equity firm TPG for $7.6 billion

AT&T is selling its majority stake in DirecTV to private equity firm TPG Partners for $7.6 billion, ending the communication giant's remaining ties to the entertainment industry.

Tokyo shares fall, Hong Kong's advance as tensions escalate in the Middle East

Asian shares were mixed on Wednesday, with Tokyo’s benchmark falling while Hong Kong’s advanced despite the sharp escalation of tensions in the Middle East.

Financial Nightmare Coming After Election - Ad

In 2018, one independent research predicted Kamala Harris was on her way to becoming the president of the United States. "Frankly, she scares us to death... and she should scare you," they wrote. Which is why you need to check out their newest Kamala prediction immediately.

Cathie Wood's Ark Invest Dumps Palantir Shares Amidst S&P 500 Inclusion And Extended AI Alliance

Cathie Wood's Ark Invest sold shares of Palantir on the day the company was included in the &P500. The sale came also as Palantir announced a multi million dollar extension of its deal with APA Corp on Sept. 25, 2024.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service