特朗普有的是手段？大摩警告：关税或回升至“解放日”水平

Group 1 - Monica Guerra from Morgan Stanley Wealth Management indicates that Trump could invoke U.S. trade laws to investigate unfair trade practices and impose tariffs based on national security concerns, with potential tariff rates rising from the current 16% to as high as 20% [1] - There is an ongoing lawsuit against Trump's tariffs aimed at preventing the imposition of tariffs under the pretext of stopping fentanyl influx and achieving fair competition, but it is unlikely to halt the administration's plans [1] - The S&P 500 index has risen by 11% and the Nasdaq Composite index by 18.7% since Trump announced tariffs on April 2, despite reports of potential 15%-20% tariffs on the EU [2] Group 2 - The market is attempting to rationally assess the situation, with the understanding that the full impact of tariffs may not yet be priced in, leading to potential economic and financial market differentiation [2] - A weaker dollar, down over 9.7% this year, affects U.S. companies differently; those with high domestic revenue may face increased costs, while those with significant international business could benefit from increased overseas revenue potential [2] - Higher tariffs are expected to drag down U.S. GDP, with the impact on consumers yet to be fully considered, suggesting that economic growth will be pressured and consumer costs will rise [3] Group 3 - Companies are advised to diversify their portfolios and adopt inflation-hedging strategies, such as investing in alternative or physical assets [3]