Morgan Stanley's report highlights the importance of the upcoming U.S. tariff policy deadline, outlining three distinct scenarios for market implications.
Morgan Stanley's Michael Zezas presented three potential scenarios regarding U.S. tariff policy as the July 9 deadline nears. These include extending the suspension with agreements, tactical escalation with selective tariffs, and a mild case indicating lower tariffs through regional agreements. The report underscores the critical impact of tariff policy on economic forecasts and GDP growth expectations for 2025/2026, urging investor vigilance leading up to July 9.