Trump’s tariff threats were not taken seriously and markets completely underpriced the risks, Deutsche Bank strategist says
Deutsche Bank has a wake-up call for analysts who denied Trump would deliver on tax rhetoric—but UBS is questioning how quickly the White House may retreat.
![Trump’s tariff threats were not taken seriously and markets completely underpriced the risks, Deutsche Bank strategist says](https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2196996771-e1738581845553.jpg?w=2048#)