#TrupTariffBulish On Wednesday, the Wall Street Journal reported that the Trump administration is considering reducing tariffs on China to a range between 50% and Jim Caron, Morgan Stanley Investment Management cross-asset solutions CIO, joins 'The Exchange' to discuss what the market is missing right.

Reciprocal tariffs have come to define Trump's trade policy of imposing the same tariffs on other countries that those countries impose on US. A key dollar index fell about 3% in the 24 hours surrounding Trump's tariff announcement and is now back to pre-election levels.