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Bankers predict limited trade deals to stave off ‘reciprocal’ tariffs

By Bradley Dress ( May 5, 2025, 20:40 GMT | Comment) -- Top banking leaders said today that the Trump administration will likely strike limited deals with countries seeking to remove “reciprocal” tariffs imposed by the US, even as the financial heads warned of a mild recession, inflation and other economic pain from the global trade war. Top banking leaders said today that the Trump administration will likely strike limited deals with countries seeking to remove “reciprocal” tariffs imposed by the US, even as the financial heads warned of a mild recession, inflation and other economic pain from the global trade war. ...

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