Trump Threatens 35% Tariff On Canada
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President Donald Trump has been adamant his tariffs will bring factory jobs back to American shores. Higher import taxes will likely push manufacturers to move operations back to the U.S., according to Bank of America economists, but so-called reshoring might incentivize firms to put more robots than humans on the assembly line.
Deregulation for the largest US banks, including Bank of America, Citigroup, Goldman Sachs and JPMorgan, are among the key 2H catalysts that BI litigation and policy analysts are watching. In this litigation and policy midyear outlook episode,
One is that Mr Trump is not serious: most of the “Liberation Day” tariffs that caused the crash in April were postponed; the threat to impose similar tariffs in August seems empty. What the president really wants is deals.
Bank CEOs are as in the dark as everyone else about the likely impact of President Donald Trump's chaotic rewiring of the nation's trade policies. The top executives at JPMorgan Chase, Wells Fargo, Morgan Stanley and Bank of New York Mellon told analysts Friday that it's hard to predict whether the ...
Economists at Bank of America and Goldman Sachs forecast inflation will shoot up to more than 3.5% by year’s end.
Bank of America based in Charlotte reports 6% revenue growth in Q1 despite tariff uncertainty and market volatility but still expects a strong year.
For the moment, businesses, households and financial markets are locked in an elaborate game of wait-and-see. Companies stocked up heavily early in the year in anticipation of tariffs. Indeed, they did so by enough to drag measured GDP growth into the red in the first quarter, as a surge of imports distorted the numbers.
The US stock market looks like it has all the ingredients for its "melt-up" to continue, HSBC strategists said.
American and Chinese banks once again dominated Forbes’ annual ranking amid resilient profits and growing assets, with 328 financial institutions making the list overall.
American car buyers braced for the worst when President Donald Trump’s auto tariffs started taking effect in April. But so far, prices are little changed.