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- Bank economists appreciate the increase in Trump tariff It would cost $ 700 billion to $ 700 billion in US households in the 1968-year’s income law in 1968.
President Donald Trump’s recovery package will start next week, not only the world’s lack of decline, is not with the whole world.
This is a simple result of the highest economic minds in JPMorgan. In the research statement, the Wall Street Investment Bank, the Wall Street Investment Bank, claimed that another global markets will not be strong enough to avoid the gravity forces by tariffs of other global markets.
The second 2025 forecast in five weeks, JPMorgan, Trump administration has been protected by the welfare of the “Extreme” agenda “Azerli” agenda “Freedom’s Day”.
With the attempt to convert the White House to trade for America to trade partners, JPMorgan now increased the likelihood of 40% from 40% to 60% in the beginning of global recession.
As Trump’s promises, he calculates Taht Taht, the Tariffs, the Tariffs, Lyndon B. Income Law of the Income Law, because Lyndon B. compared the Law of the Income Law.
“If continuously, this year, the point of the point in ~2% would be the largest tax increase in the United States since 1968,” he said.
The latest actions raise the average tariff rate, even higher than done Smoot-Hawley Tariff Act Since 1930, an act of arguing many economists played the main role of increasing the great depression.
“A strong case, given the share of the latest tariffs and the share of more globalization is larger than the 1930s,” he said.
The $ 3 trillion dollar wiped US capital markets
Trump management, a healthy production base has passed for many years and claimed that short-term pain for a heavy industry moving in the sea is important for short-term pain. Indeed, the pandemic revealed that globalization has flaws, because in Taiwan, a $ 40,000 passenger vehicle prevented the situation of a $ 40,000 passenger car.
However, due to the dimensions of the tariffs and the arbitrary nature – trade is not balanced, but the fluctuations are shaken, where other countries are shaking the walls of Tat Tat, the revenge.
Here, JPMorgan analysts are almost impossible to predict the result of many variables in the game. The breach of work thinking and supply can facilitate or aggravate the impact of tariffs.
As a result, on Thursday markets damaged themselves The worst day Since the start of the Covid five years agotogether with 3 trillion dollars wiped US capital worth value.
A sharp factor is expected to require concessions from the partners who can reduce the trade deficit by downloading Trump management’s tariff rates and reducing trade deficit rates.
Comparative preference can sometimes invent the tariffs
There are some fundamental economic realities that the tariff is likely to change, regardless of what.
Take the semiconductor industry as an example. The prepared chips are a capital-intensive work that requires specialized knowledge, critical mass and scale economy.
Taiwan was simply the shedding of the world aggressively in this specialty. The third party chip production grip is a critical partner for the United States and acts as a strategic obstacle against Chinese aggression.
For comparison, chip companies, such as AMD, which once made their chips, focused on this side of operations and less risky design and distribution. Such as “FAB-AZ” peers Nvidia from the beginning they produce for the outside chip fabs.
JPMorgan lifts this issue as a source of friction, which is drawn during the negotiations, restricts the room for Manover and increases the risk of a trade war.
“Important bilateral trade balances, which promote existing bilateral trade, and are usually associated with comparative preferences that are independent of obstacles for trade,” he said.
This story was first displayed Fortune.com
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