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Stock impact report

Despite Trump Pause, Overall US Tariff Rate At Highest In A Century [Barron's]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Barrons
Besides imposing sweeping new 10 percent tariffs on goods from most US trading partners, Trump has also unleashed steep duties on imports of steel, aluminum and autos since his White House return. But on Wednesday, he backed off even higher rates on dozens of economies, including the European Union and Asian manufacturing hub Vietnam, following a sharp sell-off in US government bond markets -- though he doubled down on action against China. Many goods from the world's second biggest economy now face levies of at least 145 percent -- the total additional figure Trump has imposed this year. "The newly imposed tariffs now affect $2.4 trillion of US imports, or nearly 75 percent," said Erica York of the Tax Foundation. "Compared to Trump's first term, this is a massive escalation, as his first tariffs affected about $380 billion of US imports or 15 percent," she told AFP. Researchers from the Budget Lab at Yale University estimate that "consumers face an overall average effecti Show less Read more
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