The CEO of Montreal Bank stated that the market's reaction to the US Supreme Court's verdict on tariffs was lukewarm.

Montreal Bank CEO Darryl White stated that after more than a year of trade-related shocks, the market's response to the US Supreme Court's ruling on Trump's iconic international policy was "quite muted." "Part of the reason is that some of the results we have seen in the past few days may have already been digested by the bond market, so we have not seen much reaction in the bond market," White said in an interview with Bloomberg TV on Monday morning. The Supreme Court ruled on Friday that Trump's "equal" tariff policy was invalid. Subsequently, Trump stated that he plans to impose new tariffs of 15% on imported goods. White is currently in Hollywood, Florida attending Montreal Bank's annual Mining and Metals Capital Markets Conference. He stated that many of the bank's corporate clients have been coping with the fluctuating trade policies of the Trump administration during the year by rebuilding supply chains and taking other measures. He said, "The volatility and instability brought about by multiple tariff decisions in the past year have become somewhat normal. Therefore, the current situation may be more stable than you imagine."