Banks Don’t Pay Tariffs, but Tariffs Will Cost Them - WSJ

1. Trade tariffs may provoke recession or slow growth, impacting bank revenues. 2. Banks like JPMorgan could face increased defaults and reduced borrowing demand. 3. Recent data shows consumers and businesses struggling with debt repayment. 4. Squeezed profit margins could result from lower long-term rates and persistent inflation. 5. Market volatility may offer mixed outcomes for banks regarding trading opportunities.