Hidden currents during the financial reporting season: RBC warns that tariffs still loom over the US stock market like a hanging sword.

Zhimedia Finance APP learned that despite a strong start to the current season of US earnings reports, the strategy team from RBC Capital Markets in Canada believes it is still too early to rule out the impact of Trump's tariff policy on US inflation and corporate profits. Led by top Wall Street strategist Lori Calvasina, the RBC strategy team stated that initial trends suggest US companies have shown resilience to Trump's new trade war so far. However, RBC also indicated that their survey showed many executives of large US companies warning that the impact on profits will become more noticeable in the second half of this year.