Global Data Pod Research Rap: Some Unpleasant Tariff Arithmetic

Michael Hanson and Murat Tasci, of the US Economics team, discuss their latest Research Note on the challenges for meeting the many disparate objectives of the Trump tariffs, and what that might mean for tariff revenues.   Speakers: Michael Hanson, Senior US and Canadian Economist Murat Tasci, Senior US Economist   This podcast was recorded on March 3, 2025. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4921610-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.