
Sina 🗝️⚡ 21st Capital|May 25, 2025 21:15
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In our Monday issue, we wrote:
Markets have responded with force. But while the speed of the recovery has outpaced expectations, it has also glossed over medium-term risks: effective global tariffs still hover around 40%, and a permanent 10% baseline tariff on all imports may be around the corner. For now, optimism reigns, but we anticipate a few weeks of weakness before the next leg.
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