By Michael Zezas, Morgan Stanley global head of fixed income research
Waiting for Tariff Clarity
April 2 has long been circled on investors’ calendars. This is the date on which President Trump has promised to reveal the full scale and details of his global tariffs. The administration cites fairer trade relationships as the goal, with reciprocity the governing principle for implementing tariffs. But beyond that, little is known about what this policy will entail.