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Former trading secretary Wilbur Ross violates tariff talks with China on Kudlow.
The two Perspists of the largest Bank of America have discussed the president Donald Trumps Tariffs and other factors affect economics and markets by releasing quarterly earnings reports on Friday.
Jpmorgan chase ceo Jamie Dimon and Wells Fargo CEO Charlie Scharf, each of which has been discussing Trump tariffs with the relevant winning news from Friday.
At the beginning of the week, Dimon wrote in a letter, said that the tariffs are likely to increase inflation and their influence on the influence of the US economic unions, they are aggravated in the economic outlook of tariffs and trade.
“The company, tax reforms and potential disadvantages of regulations and tariffs and ‘trade wars, including geopolitics and’ trade wars, ‘ongoing inflation, high-end financial shortages and high-end financial shortages and volatility,” Dimon wrote. “As always, we hope for the best, but the company is preparing for extensive scenarios.”
Jpmorgan Chase CEO Jamie Dimon, Tariff Alert in Annual Letter
JPMorgan Chase CEO said Jamie Dimon, tariffs and “commercial wars” can be negative for the economy. (Chris Ratcliffe / Bloomberg via Getty Images / Getty Images)
Scharf said he and the Bank supported their efforts to improve trade conditions for American companies, but admitted the risks and said that the more delay could be provided at the latest Trade contracts, The US economy will be better.
“We support the United States ready to look at the United States for fair trade, although there are risks related to such significant actions, in a timely resolution of business, consumers and markets,” he said.
Jamie Dimon, the recession is now a ‘probable result’ for the US economy
Wells Fargo CEO Charlie Scharf said that a rapid solution to the tariff war will be useful to the US economy. (Via Kyle Grillot / Bloomberg, Getty Images / Getty Images)
At the beginning of this week, Trump, in the 90-day tariff plans in the “mutual” tariff plans, except for the goods covered in the previous Mexico and Canada US-Mexican-Canadian Agreement. The Chinese government has raised tariffs for goods imported from China to 95% from China, which wants to retaliate with 125% of American exports.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| Jpm | JPMORGAN CHASE & CO. | 235.25 | +8.51 |
+ 3.75% |
| Slope | Wells Fargo & Co. | 63.11 | -3.22 |
-4.85% |
The management says it will start negotiations with other US trading partners to complete such a deal.
Vietnam has prepared to collapse in Chinese trade to prevent Trump tariffs: report
Scharf added that the economy could slow this year this year uncertainty on trade And other policies, however, it can change when any policy change is played and when it happens.
Tariffs are usually taxes for imports paid by importers given to consumers. (Gian Weizhong / VCG Getty Images / Getty Images)
“We are waiting for the sustainability and uncertainty and are preparing for a slower economic in 2025, but the actual result will depend on the results and time of policy changes.”
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“We and our customers are entering the current environment from the power of the power that should be served well.” “We are ready for various results, our attention will continue to change Wells Fargo by investing, which is unshakable and invest more efficiently and build a higher company.”
