Morgan Stanley says Trump's erratic tariff policy has brought on COVID-level uncertainty ...Middle East

A key source of unease is President Donald Trump's unpredictable tariff policy, which has left many firms struggling to plan effectively. Although there is currently a 90-day pause on some reciprocal tariffs, blanket 10% levies and targeted duties on steel, autos, and aluminum remain, while U.S. tariffs on Chinese imports have surged to at least 145%. China has retaliated with 125% duties of its own.

Given these headwinds, Morgan Stanley expects the S&P 500 to remain range-bound between 5,000 and 5,500 in the near term, citing limited catalysts for a breakout in either direction.

Too many policy flip flops via tweet is not helping.

This article was written by Eamonn Sheridan at www.forexlive.com.

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