Executive Summary
Morgan Stanley's policy strategists declare the end of peak uncertainty for key US policy variables, marking a structural shift from directional speculation to implementation monitoring. The average effective tariff rate has settled at 4-5x higher than 2024 levels—dramatically elevated but far below the 50-60% scenarios that dominated pre-election modeling. This represents a critical inflection point where policy variables transform from volatile unknowns into quasi-constants that economic actor...
Key Investment Opportunity
North American Supply Chain Beneficiaries
USMCA review by mid-2026 creates uncertainty for Mexico-Canada trade relationships, potentially benefiting domestic alternatives
...and 1 more investment opportunities
This is a preview. Log in to see the full analysis including investment opportunities, risks, catalysts, and detailed insights.