Global EditionASIA 中文雙語Fran?ais
    World
    Home / World / Europe

    Markets brace amid Trump policy overhaul

    Banks weigh executive orders, while trading partners study tariff threats

    By Jonathan Powell in London | chinadaily.com.cn | Updated: 2025-01-23 06:06
    Share
    Share - WeChat
    Mary Callahan Erdoes, Chief Executive Officer of JPMorgan Chase's Asset & Wealth Management attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan 21, 2025. [Photo/Agencies]

    United States President Donald Trump's return to the White House has prompted swift reactions across global financial markets, as his immediate move to reverse policies from the previous administration signals significant changes ahead for the business landscape.

    Banking giant JPMorgan Chase has established an emergency response unit to monitor Trump's policy changes, as the 47th president begins reshaping federal directives hours after taking office, a senior executive revealed.

    Speaking on Tuesday at the World Economic Forum in Davos, Switzerland, Mary Erdoes, the head of the bank's asset and wealth management unit, told delegates that "the last 24 hours are showing there's going to be a lot of changes we all have to digest".

    "We have a war room set up to analyze and evaluate each and every one of these (policies)," Erdoes said. "They've been up all night and are working on it. Time will tell."

    Following his Washington inauguration ceremony on Monday, Trump began revoking nearly 80 executive orders from former US president Joe Biden's administration.

    Among the key changes, the new executive actions target federal hiring practices and regulatory frameworks, immediately halting all new government recruitment and regulations pending review, reported Reuters.

    During his election campaign, Trump pledged to impose substantial tariffs on key US trading partners, including Mexico and Canada, raising concerns about potential market volatility.

    However, Erdoes, who has spent nearly three decades at JPMorgan since joining in 1996, expressed optimism that the incoming administration would benefit US businesses.

    She told the Davos panel that the new commander-in-chief is keen to create a "very pro-business environment", adding that business confidence is "alive and well" with the US economy shifting into "go mode" at present.

    Traders are closely watching global markets that could be affected by Trump's nationalist policies, Reuters reported. The Canadian dollar dropped sharply after Trump announced possible 25-percent tariffs on Canadian imports in the coming days.

    The new Trump administration could disrupt international trade patterns bringing "interesting ructions", Standard Chartered CEO Bill Winters told delegates in Davos.

    International banks with diverse global operations are positioned to manage any market shifts, according to Winters, while regional banks might face more challenges.

    Trade relations between China and the US face renewed focus, as questions emerge over potential tariffs under the returning president. The two nations had previously experienced economic tensions during Trump's last term in office, from 2017 to 2021, affecting trade flows between the world's largest economies.

    Beyond the policy shifts in Washington, banks are confronting new regulatory challenges that industry leaders say could constrain their role in driving global economic growth.

    The Bank of England has postponed stricter bank capital requirements to January 2027, awaiting clarity on US policy under Trump, prompting similar considerations from the European Union regarding post-2008 financial crisis banking safety reforms developed by the Basel Committee on Banking Supervision, or BCBS.

    Most Viewed in 24 Hours
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    色婷婷综合久久久久中文一区二区| 无码视频在线观看| 久久av无码专区亚洲av桃花岛| 91中文字幕在线| 国产精品午夜福利在线无码 | 人妻无码久久精品| 亚洲AV永久无码区成人网站| 久久中文字幕一区二区| 亚洲AV无码乱码在线观看| 精品无码AV一区二区三区不卡| 中文字幕在线观看国产| 久久精品中文字幕久久| 中文字幕网伦射乱中文| 国产精品午夜福利在线无码| 无码人妻一区二区三区兔费| 蜜桃无码一区二区三区| 在线中文字幕精品第5页| 最近中文字幕mv免费高清视频8| 亚洲高清无码综合性爱视频| HEYZO无码综合国产精品227| 日韩丰满少妇无码内射| 亚洲AV中文无码乱人伦在线观看 | 欧美日韩国产中文字幕| 亚洲国产精品无码久久久久久曰 | 无码AV片在线观看免费| av无码人妻一区二区三区牛牛| 欧美日韩中文字幕在线观看| 日韩中文字幕在线观看| 欧美激情中文字幕综合一区| 欧美精品中文字幕亚洲专区| 欧美日韩v中文字幕| 玖玖资源站中文字幕在线| 中文字幕亚洲色图| 少妇中文无码高清| 久久精品亚洲AV久久久无码| 中文人妻无码一区二区三区| 亚洲午夜无码久久久久| 无码人妻AV一二区二区三区| 无码AV中文字幕久久专区| 97无码免费人妻超| 人妻丰满熟妇A v无码区不卡|