CNBC, August 27: “Tariffs are a tax on the U.S. consumer,” said Michael Geraghty, equity strategist at Cornerstone Capital Group. “So far, the consumer seems to be hanging in there, but it remains to be seen what will happen when these tariffs go into effect over the next few months and whether they affect consumer spending. If it does, that’s going to be a considerable weight on U.S. stocks.”

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