Mohamed El-Erian, president of Queens’ College, Cambridge, and Bloomberg Opinion columnist, recently expressed his concerns regarding the market’s reaction to President Trump’s tariff policies. He noted that the soft data reflecting current economic conditions may soon translate into hard reality. El-Erian’s analysis highlights the potential risks associated with unpriced market expectations surrounding these tariffs. As market participants remain cautious, his insights serve as a vital reminder of the importance of addressing economic fundamentals amidst political changes. Investors should remain alert to shifts that could significantly impact market dynamics moving forward.