Analyst: U.S. Stock Market Has Yet to Reflect Damage from Tariffs

Trade Nation analyst David Morrison stated in a report that the recent rebound in the U.S. stock market still fails to reflect the "severe damage tariffs have already caused to global trade." The U.S. stock market has rebounded from the decline following the announcement of global tariffs by the U.S. in early April, buoyed by expectations of interest rate cuts and stronger-than-expected earnings reports from Meta and Microsoft. Traders are currently focused on the expectation that President Trump will "reach some sort of settlement on the tariff issue," while the Federal Reserve will "cut interest rates when signs of economic distress appear."