The definitions will become more difficult in the coming months, with merchants tired of commercial drama, says Cio Morgan Stanley’s CIO

• Mike Wilson says that customs tariff pain will feel more severely in the coming months.

• Morgan Stanley Cio predicts three consequences Definitions This quarter can appear.

• Wilson said the stocks may take great success as investors are waiting for more concrete commercial deals.

Investors are increasing from commercial drama, warning that the negative effects of definitions may begin to appear for companies and markets soon.

Mike Wilson, the chief American stock strategy in Morgan Stanley, said he expected a large number of consequences caused by President Donald Trump’s tariff, which may begin to influence the markets as soon as the third quarter.

Investors have remained relatively calm so far this week, although Donald Trump has escalated his trade war. The President announced a new tariff in more than 20 countries this week, which is a 50 % separate tariff on copper imports, and paying the original deadline until August 1.

“I would like to say,” here we go again, “said Wilson, speaking to Bloomberg on Friday about the latest tariff ads.

This is what Wilson sees in the future.

Investors are familiar with The book of introductory play that negotiates with Trump Wilson said that after seeing President Whipsaw in his commercial policy during the liberation day, “Wilson said.

“I mean, this is the style of President Trump,” Wilson said.

But merchants are hungry for more concrete Commercial deals Wilson said it could be tired of drama soon. Trump – who once pushed his team to the idea of 90 commercial deals in 90 days – has never made many deals with commercial partners so far.

“This will not work forever,” Wilson said. “In the end, we have to reach some deals,” Wilson said. “There will be an exhausting point, the way I like to think.”

Companies have been protected from the impact of definitions so far, thanks to companies that depend on the current stock of selling products to consumers. But this may change in the next few months.

Smaller companies He added that it may be particularly affected in the third quarter profit season, as they do not have pricing capacity along The cost of definitions For consumers.

He added: “This did not start to flow to prices or margins. But we believe that it begins to change in the third quarter, and this may be the catalyst, because the shares will interact with the strike in the margins.”