Agency: Trump's tariff policy shift is positive, but uncertainties remain
2025-04-10 03:01:30
David Cassidy, head of investment strategy at Wilsons Advisory, said investors appeared to be leaning towards the view that Mr. Trump's so-called reciprocal tariffs would be substantially rolled back by the end of the 90-day moratorium. "Compared to what happened 24 hours ago, we see this as a significant positive for both the global and US economies as well as key asset markets," Mr. Cassidy said. However, he said significant uncertainty remained. Mr. Cassidy added: "Despite the equity rally and improved outlook, some of the additional risk premiums on US assets could be permanent or could take years to unwind."
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