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Stock impact report

There's more than meets the eye to Trump blinking on China tariffs [MSNBC.com]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: MSNBC.com
President Donald Trump says his new promise thathe’ll be lowering astronomical tariffs on Chinese goodsboasted to reporters on WednesdayBut the next dayChina said those talks were nonexistentThere is no underlying strategy or clear reasoning behind Trump’s erratic tariff maneuvers.It’s certainly possible that Trump will lower the tariffs, but the idea that he’s doing it because his hard-hitting tariffs forced China to the table, hat in hand, is classic Trumpian nonsense. In reality there is no underlying strategy or clear reasoning behind Trump’s erratic tariff maneuvers. And even when he reduces them, he’s still dealing a blow to the economy.Beyond Beijing’s credible denial, the obvious reason to doubt Trump’s account about why he’s lowering tariffs is that he’s on a streak of softening or backing off of his most radical economic policies. Market turmoil, as well as criticism from business interests and some Republicans within the MAGA coalition (including DOGE chiefElon Musk)Hebacke Show less Read more
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