Bank of America CEO: Trump’s trade policies show signs of easing, tariffs expected to stabilize at around 15%

According to Odaily, Bank of America CEO Brian Moynihan stated that after a year of turmoil for businesses caused by tariffs, the Trump administration's trade policies are now showing signs of easing. Since returning to the White House, Trump has introduced a 10% baseline import tariff, imposed higher rates on certain countries, and added tariffs on specific products such as automobiles. However, there are now signals of a "cooling down" in the trade situation, with global tariff benchmarks potentially stabilizing at around 15%, and corporate panic subsiding. Compared to tariffs, American companies are currently more concerned about labor shortages and the uncertainty of immigration policies. (Golden Ten Data)