Morning Market Tidbits

Bank of America research indicates that new Section 301 tariffs will effectively offset the July expiration of Section 122 tariffs, leaving the US tariff rate largely unchanged. These policy adjustments are viewed as secondary to the broader US growth and inflation trajectory.

Key Takeaways

• 1.Proposed Section 301 tariffs are expected to keep the US effective tariff rate largely unchanged following the expiration of Section 122 tariffs in July.
• 2.Tariff adjustments are considered second-order effects regarding the broader US inflation and growth outlook.

Table of Contents

• Key takeaways
• The effective tariff rate should remain unchanged
• US GDP Tracking
• Today's economic calendar

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