U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era [CNBC]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: CNBC
An estimate from Fitch Ratings said that the tariff rate would hit its highest level since 1909. The full economic impact of the new duties will likely depend on how long they are in place and whether other nations retaliate. U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. The tariff policy outlined by President on Wednesday appears set to raise the level of U.S. import duties to the highest in more than 100 years. The U.S. introduced a on imports, but also steep country-by-country rates on some major trading partners, including China. The country-by-country rates appear to be related to the the U.S. has with each trading partner. Sarah Bianchi, Evercore ISI chief strategist of international political affairs and public policy, said in a note to clients late Wednesday that the new policies put the effective tariff rate
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