特朗普的关税和美国国防工业
Jeroen Klomp1,2
1Netherlands Defense Academy, Breda, The Netherlands.
PloS one
|January 24, 2025
概括
美国对钢铁和的关税对国防公司的股票回报产生了负面影响. 投资者认为这些贸易限制是有害的,导致关键关税事件的重大负面异常回报.
科学领域:
- 经济学 经济学 经济学
- 金融 金融 金融 金融 金融
- 国际贸易 国际贸易 国际贸易
背景情况:
- 2018年3月,美国对进口钢铁和征收关税.
- 国防工业是金属的主要消费者,因此容易受到进口限制的影响.
研究的目的:
- 分析钢铁和关税对美国国防公司股票回报的影响.
- 评估投资者对"贸易扩张法"第232条相关的贸易不确定性的看法.
主要方法:
- 基于第232节关键事件构建一个新的贸易不确定性指标.
- 证券市场对关税相关公告的反应的实证分析.
主要成果:
- 投资者认为这些关税对美国国防公司不利.
- 在关键关税相关事件周围观察到负的异常库存回报.
- 官方关税公布后,投资者情绪恶化,超过了之前的预期.
结论:
- 引入钢铁和关税对美国国防公司的财务表现产生了负面影响.
- 投资者反应表明,市场对这些贸易政策造成的损害有着显著的感知.
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