Markets thought Trump was bluffing about tariffs, and 'completely under-priced risks', Deutsche Bank strategist says
![Markets thought Trump was bluffing about tariffs, and 'completely under-priced risks', Deutsche Bank strategist says](https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2196996771-e1738581845553.jpg?resize=1200,600)
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. ...Read more