#TrumpTariffs

🧭 What can be expected now?

• Risk of persistent or increasing inflation complicating the outlook for the Fed.

• Possible modest tariff cuts soon to mitigate tensions.

• If they persist, compensatory policies such as exemptions or specific incentives could emerge.

• Growing legal pressure: a federal court declared the "Liberation Day Tariffs" unconstitutional, although they are still under appeal.