JPM
🚨 JP Morgan warns that tariffs can lead to several negative economic consequences.
📉 Potential outcomes include higher prices, reduced economic activity, lower corporate profits, increased unemployment, greater inequality, decreased productivity, and heightened geopolitical tensions.
🌐 The bank’s analysis suggests that tariffs are generally detrimental to economic stability and growth.
@Javierlinares:
“From the main global bank, which is JP Morgan, they warn of the problems of tariffs, and they tell us here in this tweet, which is in English and which I am going to translate for you, that the problems with tariffs are that they can raise prices, lower economic activity, lower corporate profits, trigger unemployment, generate more inequality, lower productivity, and increase geopolitical and global tensions, as is happening. Apart from all that, the rest is fine, basically saying that tariffs are a terrible idea.”
Watch the exact part of the video where Javier talks about JP Morgan here:
View the video on YouTube.
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