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President Donald Trump’s tariffs are formed and they also take some kind of color. If you look at the tariffs and set different colors to each sector they touch each sector, they start to look like a collection of different stones, even stained glass. They become “mosaic”. This is the metaphor used by the head of US policy Monica Guerra Morgan Stanley The management of wealth.
This is due to the fact that both domestic and product are changed on a special basis, if the Trump ensures that they are widely covered by a country and the product. It wrote “Idiosyncratic” in the research notation called “Idiosyncratic”, “Tariff Tariffs and Dollar Actions”.
For example, Guerra, 21% of the global imports of the United States have been released, although 30% of the United States are released, 42% of Vietnam, and 64% are free. Then, mutual tariffs are 50% of the goods imported from Japan and 30% of South Korea, and these are affected by tariffs in auto parts and in car parts. These tariffs are applied to “Speka” related to delayed start, random retreat and new deals.
Morgan Stanley Wealth Management.
Guerra warned the unexpected effects in the global economy and is likely to increase the predicted tariff rates and even high levels of Trump management. The Guerra team also created a projection based on tariff collections in the last three months: US treasury can collect $ 2.7 trillion in tariffs in the next 10 years.
Morgan Stanley Wealth Management
Up to Patchwork policy rather than quilt tariffs
The President Trump, from the date of returning Office, placed a complex number of special and product targeted tariffs in the country. According to Guerra’s analysis, the average effective tariff ratio in 2025 in 2025, when Trump began in January, is five times higher than 3%.
Although the White House tries to sweep first, universal tariffs – 10% of the policy, including legal problems, and strategic considerations, increased more. When common tariffs are up, the effects are far from the unit.
Under Trump, the nature of the US trade policy is clear from various freedoms made to different trade partners. Morgan Stanley, the blanket tariffs of previous periods, fell into a sharp way to worsen the appraisal of the market and the losers.
Macroeconomic effects: dollar weakness and inflation risks
Combining the uncertainty, Morgan Stanley is a significant weakness, Morgan Stanley, who modernized 10% more expensive for American consumers and companies. Guerra’s team, a combination of a weak dollar and rising tariffs warned and expenses can be transformed into corporate margins directly known to compress the inflation and potentially corporate edges.
Inflation has a number of signs and inventory signs with a partial energy prices and inventory prices, before new tariffs-markets, the zero-coupon swap, Tump, Tump, reached 3.43% according to the levels of Tump.Salvation Day”
Morgan Stanley Wealth Management
Revenues increased – but what does it cost?
It is a strong financial enthusiast to maneuver behind the policy. Trump’s latest phase of this spring and the beginning of universal tariffs, monthly tariff revenues were $ 22.3 billion in an average of $ 22.3 billion, the average of $ 5 billion per month. This is an average of 2.7 trillion projects, warning rates and compatibility of strategists remains highly dynamic and unpredictable, “To many uncertainty.
As the United States doubled in the tariffs while navigating the currency variability, the effects will be something else homogeneous. About 58% of the unparalleled technology sector with foreign income, other sectors may stand to take advantage of the dollar weakness. Meanwhile, small and medium-sized firms can also fight the economy and price problems that trust in complex global supply chains.
Morgan Stanley said that the current environment is “especially liquid and dynamic,” because the trade continues to play legal and political battles. Trump’s tariff regime closes in more complex, markets, enterprises and consumers to the higher and potential, potentially, potentially, the income of the income of the broken government.
For this story, Fortune generative AI used to help with initial draft. An editor confirmed the accuracy of the information before publication.
