Analysts: U.S. stocks have not yet reflected the damage caused by tariffs
2025-05-01 19:59:15
Trade Nation analyst David Morrison said in a note that US stocks had rallied recently but still failed to reflect the "severe damage that tariffs have already done to global trade". US stocks have bounced back from losses after the US announced global tariffs in early April, buoyed by expectations of interest rate cuts and stronger-than-expected earnings from Meta and Microsoft. Traders are now focused on expectations that President Trump will "reach some sort of settlement on tariffs" and that the Federal Reserve will cut rates "at a time of economic distress".
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