Bank of America CEO: Trump's trade policies show signs of easing, tariffs will stabilize around 15%

robot
Abstract generation in progress

Odaily Planet Daily News: Bank of America CEO Brian Moynihan stated that after a turbulent year caused by tariffs, the Trump administration’s trade policies are showing signs of easing. Since returning to the White House, Trump has implemented a 10% import baseline tariff, while imposing higher tariffs on certain countries and additional tariffs on specific products such as automobiles. However, signals of a “cooling down” in the trade situation suggest that the global tariff baseline may stabilize around 15%, and corporate panic is subsiding. Compared to tariffs, American companies are now more anxious about labor shortages and the uncertainty of immigration policies. (Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)