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BTCC / BTCC Square / Global Cryptocurrency /
Wall Street’s Global Power in Jeopardy Due to Trump’s Trade War

Wall Street’s Global Power in Jeopardy Due to Trump’s Trade War

Author:
Global Cryptocurrency
Published:
2025-04-22 11:13:02
8
3
The US has traditionally enjoyed a large trade surplus in financial services, generating $130 billion in 2024 from activities such as trading commissions, M&A advising, and underwriting deals. However, this advantage is now waning as clients pause transactions and major deals due to uncertainties surrounding Trump’s trade war. American banks, which previously held the top spots in investment banking, are now experiencing a decline in their dominance. Despite global clients slowing down, banks are still clinging to cross-border business.

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