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Stock impact report

Tariffs to cause 'short-term bumps,' Trump economic adviser tells Fox Business [Yahoo! Finance]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
on Wednesday there will be short-term bumps caused by tariffs announced by Washington. WHY IT'S IMPORTANT Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, including some of the United States' biggest trading partners, deepening a trade war that has rattled global markets and bewildered U.S. allies. Trading partners are expected to respond with countermeasures of their own that could lead to dramatically higher prices for products. KEY QUOTES Miran was asked how concerned he was about short-term price increase. "Are there going to be short-term bumps as a result? Absolutely," Miran told Fox Business Network's "Kudlow" program. "But what the president is focused on is a long-term transformation and improvement in the durability, sustainability and fairness of the American economy with respect to the rest of the world." (Reporting by Kanishka Singh in Washington; Editing by Sandra Show less Read more
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