The 90-day tariff pause announced by President Donald Trump‘s administration may offer temporary relief, but JPMorgan analyst Fabio Bassi warns that the macro backdrop remains fragile.
While countries that have not retaliated are spared for now, a 10% blanket tariff stays in place and tariffs on Chinese imports are jumping to 145%. That lifts the average U.S. tariff rate to around 30% – a significant economic headwind.
Bassi sees the recent move as a tactical timeout rather than a meaningful shift. Even under the unlikely scenario of China being removed entirely from the U.S. import equation, the average tariff rate would only fall back to the 10% level.
Pause, Not A Pivot As Recession Risk Looms
The size of the tariff-induced tax hike – estimated at over 3% of GDP – keeps recession fears alive. Bassi maintains a 60% probability of a U.S. and global recession. His 40% non-recession …
Full story available on Benzinga.com
The 90-day tariff pause announced by President Donald Trump‘s administration may offer temporary relief, but JPMorgan analyst Fabio Bassi warns that the macro backdrop remains fragile.
While countries that have not retaliated are spared for now, a 10% blanket tariff stays in place and tariffs on Chinese imports are jumping to 145%. That lifts the average U.S. tariff rate to around 30% – a significant economic headwind.
Bassi sees the recent move as a tactical timeout rather than a meaningful shift. Even under the unlikely scenario of China being removed entirely from the U.S. import equation, the average tariff rate would only fall back to the 10% level.
Pause, Not A Pivot As Recession Risk Looms
The size of the tariff-induced tax hike – estimated at over 3% of GDP – keeps recession fears alive. Bassi maintains a 60% probability of a U.S. and global recession. His 40% non-recession …
Full story available on Benzinga.com
The 90-day tariff pause announced by President Donald Trump‘s administration may offer temporary relief, but JPMorgan analyst Fabio Bassi warns that the macro backdrop remains fragile.
While countries that have not retaliated are spared for now, a 10% blanket tariff stays in place and tariffs on Chinese imports are jumping to 145%. That lifts the average U.S. tariff rate to around 30% – a significant economic headwind.
Bassi sees the recent move as a tactical timeout rather than a meaningful shift. Even under the unlikely scenario of China being removed entirely from the U.S. import equation, the average tariff rate would only fall back to the 10% level.
Pause, Not A Pivot As Recession Risk Looms
The size of the tariff-induced tax hike – estimated at over 3% of GDP – keeps recession fears alive. Bassi maintains a 60% probability of a U.S. and global recession. His 40% non-recession …Full story available on Benzinga.com Read MoreAnalyst Color, Asia, China, Donald Trump, Expert Ideas, INDA, India, IVV, KWEB, Long Ideas, MCHI, S&P 500, SPY, Stories That Matter, Trump Tariffs, VOO, Broad U.S. Equity ETFs, Emerging Market ETFs, Top Stories, Markets, Analyst Ratings, Trading Ideas, ETFs, IVV, US4642872000, SPY, US78462F1030, VOO, US9229084135, MCHI, US46429B6719, INDA, KWEB, Long Ideas, Analyst Color, Asia, Broad U.S. Equity ETFs, Emerging Market ETFs, Top Stories, Markets, Analyst Ratings, Trading Ideas, ETFs, Benzinga Markets
