Trump
abr25 Equity research provider Morningstar says “geopolitical and U.S. policy actions increase the risk premium” for the stock prices of American casino operators with exposure to Macau’s gaming market. Last week, U.S. President Donald Trump (pictured in a file photo) announced an additional 34-percent tariff on all Chinese goods imported into the United States. It was part of a plan establishing a 10-percent baseline tariff on imports from nearly every country, although many nations – including China – are subject to higher rates. China stated on Friday that it would impose reciprocal 34-percent tariffs on all imports from the United States. In late February, the U.S. administration had already added Macau to the list of “foreign adversary” jurisdictions. Morningstar Equity Research said in a stock note on Thursday that it had adjusted its cost of equity assumptions for U.S.-listed casino operators Wynn Resorts Ltd, Las Vegas Sands Corp, and MGM Resorts International “due to thei...