Key Takeaways
Trump’s newly announced tariffs increase U.S. effective import rates to 17%-22%, the highest since the 1930s.
If these tariffs are fully implemented, the odds of U.S. recession could rise to about 40%, up from 25% previously.
However, much remains in flux, and futures-market action suggests investors may expect countries to negotiate tariff levels with the administration in the days ahead.
For now, investors should avoid rash decisions in their portfolio and consider a “wait and see” approach, working with their Financial Advisor to navigate turmoil and keep their goals in sight.
Read More: https://www.morganstanley.com/articles/trump-liberation-day-tariff-announcement
Advertisements