JP Morgan not expecting Trump universal 10% tariff next year, but China faces high tariffs

Trump campaigned on promises of across the board 10 to 20% tariffs on imports, but of 60% and over on those from China./

JP Morgan cite “procedural reasons” for their assessment that the chances of a 10% across-the-board tariff in 2025 are low.

However, they say that China will face significantly higher tariffs.

Time to break out these old pics!

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Its bipartisan, Biden’s China tariffs, from earlier this year:

• Big week coming up for Biden to slap huge tariffs on China

This article was written by Eamonn Sheridan at www.forexlive.com.