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JPM analysts say that Trump’s joint tariffs increased to an increase of 22 % – assembled to the largest increase in American tax since 1968. As a result, the bank raised its estimated risk from global recession to 60 %, an increase of 40 %.
Observation highlights fears that the economic impact can get worse due to potential revenge, supply chain disorders, and strike work confidence. Jpmorgan also warns that continuous commercial restrictions and reducing immigration can lead to long -term issues on the side of the width that weakens our growth.
However, the bank notes that both the United States and global economies are still mainly strong and must be able to absorb a moderate shock, although it expects more policy developments in the near future.
Information via Reuters report
