The latest twist in U.S. trade policy, marked by the Donald Trump administration sending 14 letters outlining tariff levels to its trading partners, has elicited three distinct, yet converging, reactions from key stakeholders, according to senior economist Mohamed El-Erian.
What Happened: While financial markets have displayed surprising calm, the corporate world expresses growing unease, and economists offer a broader, more nuanced perspective, explains El Erian in a Substack post.
