<ul data-eligibleForWebStory="false"><li>Trump is considering imposing a flat tariff of 15-to-20 per cent on all trading partners, higher than current rates.</li><li>Markets have shown a lack of concern over the risks posed by escalating tariffs, with indices hitting record highs despite trade frictions.</li><li>JPMorgan Chase's CEO expressed concerns over market complacency towards trade threats.</li><li>Despite the market's optimism, there are fears of a potential pullback as trade tensions escalate globally.</li></ul>

Markets embolden Trump on tariffs, stoking fear he’ll go too far

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