BlockBeats News, May 29th, Moody's analyst Katrina Ell stated that the court's decision to block the Trump administration's tariff increase seems positive for emerging markets heavily affected by high tariffs. However, the uncertainty about what will happen next makes it difficult to draw any conclusion other than that. "We cannot assume this is a sustained positive development," the Asia-Pacific Economic Director said.
The ability to limit Trump's ability to implement policies that cause market turmoil may ease tension, but how any legal challenges will play out remains to be seen. "Right now, it's like a soap opera," Ell said, highlighting the issue that what the market is most concerned about is how to navigate through the uncertainty. Since the latest developments have done little to dispel uncertainty, investors are likely to remain cautious until the situation becomes clearer. (Jinshi)
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