Macro Strategy Insights

Some Very Positive Developments

The President has announced a 90-day pause on tariffs for countries that have not retaliated. It also looks like reciprocal tariffs will be 10% if they go back on. Just parsing through what was sent on Truth Social. I’m sure more details are coming. This gives a realistic timeframe to negotiate with so many countries. 90 days is a tight deadline, which is good, and very doable. China is clearly still in a fight, but now maybe more alone? Unclear on EU or Canada. Had we done 10% tariffs across the board with a 90-day grace period in the Rose ... Some Very Positive Developments

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