Tariffs are mud in the gears of business, says Bleakley's Peter Boockvar

Business and Finance Business and Finance

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Tariffs are mud in the gears of business, says Bleakley's Peter Boockvar

^{Published on 2024-12-31 20:00:48 - MSN}

Peter Boockvar, Bleakley Financial Group chief investment officer, joins 'Money Movers' to discuss markets, impact of tariffs and his 2025 outlook.

Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, discussed the negative impacts of tariffs on businesses during an interview with Yahoo Finance. He described tariffs as "mud in the gears of business," highlighting how they disrupt supply chains, increase costs, and complicate international trade relations. Boockvar pointed out that while tariffs might protect certain domestic industries, they often lead to retaliatory measures from other countries, which can harm exporters and increase prices for consumers. He emphasized the broader economic implications, suggesting that tariffs contribute to inflation and can slow down economic growth by making goods more expensive and less competitive globally.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/tariffs-are-mud-in-the-gears-of-business-says-bleakley-s-peter-boockvar/vi-AA1wLCPL ]

N@N

Tariffs are mud in the gears of business, says Bleakley's Peter Boockvar