Davis Polk partner David Portilla was quoted in American Banker discussing an announced pause on tariff hikes.

The article noted that while this announcement is welcome to banks and other financial market participants, it does not permanently quash the specter of economic uncertainty and future volatility.

“It provides some certainty that there will be some negotiation and there will be an effort to ensure the full scope of tariffs laid out last week do not go into effect,” said David. “That’s more certainty than we had a day ago, but there’s still some amount of uncertainty yet to be resolved.”

“Trump tariff pause gives banks a reprieve, but threats remain,” American Banker (April 10, 2025) (subscription required)

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