JPMorgan’s Kelly Says Trump Tariffs to Hit Growth, Fan Inflation

What You Need To Know

• “The first smoke signals suggest that the tariff approach will be very aggressive,” the global market strategist says.
• During the campaign, Trump suggested he could implement 60% tariffs on products from China and levies of 10% to 20% on goods from everywhere else.
• Kelly predicts a clash between the Fed and the Trump White House.