https://www.taxtmi.com/news?id=39688 Broad import tariffs function as a de facto business tax that raised costs for firms reliant on foreign inputs and imported finished goods, prompting a sharp market sell-off that erased substantial equity value. Anticipated pass-through of higher costs to consumers and consequent reductions in consumer spending led investors to reprice firms-particularly in airlines, retail, apparel, technology hardware, banks, and restaurants-on heightened recession risk and narrower corporate margins, while sectors with greater domestic input sourcing showed relative resilience. en-us Fri, 04 Apr 2025 02:16:02 +0530 Fri, 04 Apr 2025 02:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39688 Broad import tariffs function as a de facto business tax that raised costs for firms reliant on foreign inputs and imported finished goods, prompting a sharp market sell-off that erased substantial equity value. Anticipated pass-through of higher costs to consumers and consequent reductions in consumer spending led investors to reprice firms-particularly in airlines, retail, apparel, technology hardware, banks, and restaurants-on heightened recession risk and narrower corporate margins, while sectors with greater domestic input sourcing showed relative resilience. News - Fri, 04 Apr 2025 02:16:02 +0530 https://www.taxtmi.com/news?id=39688