Some investors and bankers, including executives from Amundi and JPMorgan Chase, express concerns about the current market situation and potential implications of Trump's policies.
Misconceptions About Trump's Tariffs
According to JPMorgan Chase's Jamie Dimon, "Unfortunately, I think there is complacency in the market." Some experts, including Vincent Mortier of Amundi, warn of rising confidence based on Trump potentially altering his tariff policies.
Issues Beyond Tariffs
Despite concerns about tariffs, some bankers and investors argue that it's not the only issue. The recently signed Big Beautiful Bill raises risks of increasing national debt that could reach trillions of dollars.
Long-term Economic Consequences
One of the main concerns is that Trump's policies erode trust in the dollar as a stable currency. According to a senior executive at a leading bank, investors are reevaluating their exposure to U.S. assets amid rising budget deficits.
The prevailing atmosphere of complacency in the markets raises alarms among experts, who highlight critical questions about tariff consequences and overall economic indicators.
