JPMorgan: Trump Tariffs Likely to Remain High

JPMorgan predicts that tariffs imposed by the Trump administration are likely to remain high, even after his term ends. According to a report by the Center for Geopolitics at JPMorgan, the final tariff for imports into the United States is estimated to be around 22%.

The report emphasizes that tariffs are viewed by the American Congress as a key tool for strengthening the domestic industrial base, particularly in strategic sectors such as semiconductors and defense. Therefore, their abolition is considered unlikely, even if the next president pursues a more liberal trade policy.

Furthermore, the JPMorgan Chase Institute estimates that the implementation of the new tariffs results in a direct import cost of $187.7 billion for medium-sized businesses.