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JPMorgan (NYSE:JPM) has predicted that the ongoing tariff war initiated by President Donald Trump could lead to some agreements between the US and its trade partners, along with a significant rise in tax rates.
What Happened: The global investment strategy team at JPMorgan Wealth Management has projected that the effective tax rate could surge to between 10% and 20%, a marked increase from the 2% at the start of the year. This anticipated rise is in line with Wall Street’s estimates prior to ‘Liberation Day’.
President Trump has been advocating this protectionist shift as a robust negotiation strategy to secure ...
