TechFlow, April 9 — According to Jinshi Data, Brent Donnelly, president of foreign exchange research firm Spectra Markets, said that although Trump's tariff policies have caused severe stock market sell-offs, worse economic impacts are yet to come. He warned that traders have not yet priced in upcoming supply chain disruptions, hiring freezes, and rising costs. Donnelly added that hopes for a swift agreement between the White House and its trade partners may be misplaced. He noted that the USMCA trade negotiations, overseen and promoted by Trump at the time, lasted over a year. "Uncertainty will persist, and lag effects are real," Donnelly said, making it difficult for economists to model the situation in the coming months.
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