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Friday, December 5, 2025

JPMorgan details exactly how it thinks Trump’s trade war will play out — and what investors should do

JPMorgan expects President Donald Trump’s tariff blitz to yield “some deals” between the US and its trade partners, but says tax rates will still multiply in size. In new research, the global investment strategy team at JPMorgan Wealth Management outlined its base case for Trump’s tariffs. Under the …

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