Rising US fiscal risk signals dollar weakness and yield spike ahead: Jahangir Aziz

JPMorgan's Jahangir Aziz highlights the potential impact of a July 31st court ruling on existing tariffs, overshadowing the August 1st deadline. The court's decision on IEEPA could invalidate current trade deals and lead to prolonged uncertainty. Despite market resilience, the delayed impact of tariffs on inflation and ongoing negotiations with India remain key concerns.