Chief executive officers from some of the world’s largest financial institutions convened on Sunday to discuss the ongoing effects of United States President Donald Trump’s tariff measures on the global economy. The call brought together leaders from Bank of America, Barclays, Citigroup, HSBC, and JPMorgan Chase, as they examined how the tariffs are influencing market behavior and economic stability.

The private meeting was arranged by a Washington-based public policy group, the Bank Policy Institute. According to sources familiar with the matter, the purpose of the call was to allow bank CEOs to exchange views and insights on the current financial environment shaped by U.S. trade policy shifts. The conversation reportedly included assessments of risk exposure, market sentiment, and the threat of a global recession.

Participants expressed concerns about heightened market volatility and the potential for slowing economic activity as a result of protectionist trade actions. The global banking leaders reportedly shared data and forecasts related to capital flows, credit conditions, and consumer confidence—all of which have been affected by recent tariffs and retaliatory measures imposed by major trading partners.

The coordinated discussion underscores growing anxiety in the financial sector over the longer-term implications of rising trade barriers. With billions of dollars in tariffs already enacted and more potentially on the horizon, banks are adjusting strategies and advising clients on how to navigate increasingly complex global markets.

This latest development follows a series of warnings from financial analysts and industry groups who fear that continued trade tensions could spark broader economic disruption. As the U.S. administration holds firm on its approach, financial institutions are seeking clarity and exploring contingency plans to safeguard their operations and customer interests worldwide.

The gathering of global banking leaders reflects the significance of Trump’s tariff policies not only for direct trading nations but also for the interconnected financial networks that support global commerce.