Bank of America CEO: Trump's trade policies show signs of easing; tariffs will stabilize at around 15%.

According to Odaily Planet Daily, Bank of America CEO Brian Moynihan stated that after a year of turmoil caused by tariffs, the Trump administration's trade policies are showing signs of easing. Since returning to the White House, Trump has implemented a 10% benchmark tariff on imports, while imposing higher rates on certain countries and imposing tariffs on specific products such as automobiles. However, the trade situation is now showing signs of "cooling down," with the global tariff benchmark potentially stabilizing at around 15%, and business panic subsiding. Compared to tariffs, American companies are currently more anxious about labor shortages and the uncertainty of immigration policies. (Jinshi)