Ivan Shaliastovich, associate professor of finance, quoted: “As a brief remark: the tariff wars will have a negative impact on the markets and the economy. This is a good example of a bad uncertainty:’ most market participants and business executives view tariffs as a downside risk, and are unlikely to take on substantial investment projects in light of a heightened uncertainty about the outcome. We already see an occasional upsurge in volatility as the markets attempt to interpret and respond to the news about tariffs negotiations. It’s only a matter of time when delays in investments will lead to slower growth in the US and elsewhere.”