Analyst: The preliminary trade agreement between the United States and the United Kingdom is difficult to overcome the headwinds in the US stock market

According to Golden Finance, Jake Schurmeier from Harbor Capital stated that despite the limited transparency brought about by the US UK trade agreement, the investment prospects for risk assets still lack attractiveness. Schurmeier estimates that as a 10% tariff becomes the bottom line of Trump's trade agreement, the actual tariff rate in the United States will double to 12%, putting pressure on corporate profit margins. The possible increase in consumer prices will make it difficult for the Federal Reserve to manage inflation expectations and implement interest rate cuts. He said, 'I tend to take a neutral stance on stocks' because higher import costs' will significantly slow down economic growth, thereby reducing profit margins'.