Morgan Stanley: The impact of Trump's tariff policy is comparable to Nixon's abandonment of the 'gold standard' in 1971

BlockBeats News: On April 4th, Michael Gapen, Chief U.S. Economist at Morgan Stanley, believed that "Trump's tariff policy will be the most aggressive attempt by the United States to restructure its tax and trade structure since Nixon lifted the gold standard in the early 1970s." Meanwhile, Michael Gapen stated that the tariff policy announced on Wednesday far exceeded his expectations. (Observations from Wall Street)