Equities still worth a bet, but tread lightly: Richard Harris

July 4, 2025

Richard Harris of Port Shelter Investment suggests tariffs could negatively impact trade and growth, offsetting the benefits of the ‘big beautiful bill’. Markets initially overlooked tariff concerns, focusing on positive rollbacks. However, tariffs remain high for American buyers. Harris advises caution with equities, anticipating delayed negative effects from tariffs and deficit issues. He believes equities will continue to perform.

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