JPMorgan Chase CEO Jamie Dimon has warned that the worst fallout from President Donald Trump’s tariff policies is yet to come.
The markets celebrated earlier this month after the U.S. and China announced a 90-day cooling-off period in their escalating trade war, with both sides temporarily reducing their tit-for-tat tariffs while they negotiate a longer-term solution.
During the pause, the U.S. will reduce its duties on Chinese goods from 145 percent to 30 percent, while China will lower its tariffs on American products from 125 percent to 10 percent.
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