JPMorgan analysis finds Trump’s tariffs are working on China—at a huge cost to American small ...
U.S. President Donald Trump and Chinese President Xi Jinping in October 2025./ reveals that while aggressive trade policies implemented in 2025 have successfully driven a significant wedge between midsize American businesses and Chinese suppliers, the decoupling has come with a staggering price tag for U.S. companies. The report, titled “Tracking international payments: How are midsize firms reacting to tariffs?” paints a picture of a business sector that is bending but not breaking under historic pressure. According to JPMorgan banking ...
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