JAKARTA – The certainty of tariffs to be agreed upon by the United States (US) government with its trading partners is expected to calm the markets.

This was stated by Brian Moynihan, CEO of Bank of America, as quoted by foxbusiness.com on Friday (April 25).

According to him, a tariff agreement between the US and its trading partners within the 90-day grace period since the announcement of reciprocal tariffs on April 2 will serve as a blueprint for trade. “It will show that agreements can be reached,” he said.

He added that investors would respond positively to such an agreement as a way to resolve economic tensions related to reciprocal export tariffs to the US.

Previously, Karoline Leavitt, White House Press Secretary, stated that the Trump administration has 18 proposals for trade agreements, which aim to achieve the primary goals of President Donald J. Trump. (LK/LM)