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JPM Asset Mgmt: Trump Construction of Import Tax Framework Challenging; Investors Need to Prepare for Policy Direction
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The new US President Donald Trump delivered his inaugural address today. The most important impact of Trump's speech may be the tariffs section, Tai Hui, Chief Market Strategist of Asia Pacific at JPMorgan Asset Management, said. Trump suggested putting the cost on the shoulders of foreigners, rather than American consumers. However, constructing a framework for import taxes is challenging for US importers or consumers. China, Mexico and Canada remain the focus of potential tariff hikes. Investors may want to prepare for policy announcements in the coming weeks, as the new administration will be determining specific policy directions. AAStocks Financial News |
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