Liberation Day: How J.P. Morgan and UBS are navigating Trump’s tariff salvo

Miss him? Trump’s return threatens to upend global trade (Photo by Jon Tyson on Unsplash)

Private banks and asset managers are setting their sights on safe-haven assets like gold and selective Asia markets after US President Donald Trump slapped a multitude of allies with hefty new tariffs. Markets were shaken in Asia on Thursday after Trump imposed significant new tariffs on a variety of countries and industries, in what had been billed as a ‘Liberation…

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