---
title: A trade-off between more uncertainty in the near term and a lighter tariff regime in the medium to long term
description: "LONG-TERM: Morgan Stanley sees an opportunity for the President to alleviate some components of the existing tariff regime over time\n\nIN THE NEARER TERM: uncertainty will likely prevail in terms of which authorities will replace the existing tariffs, which sectors/countries will face more legally durable tariffs (Sec. 232/301 after months of investigation), and most importantly, what happens to the bilateral framework deals that are currently in place. \n\nThat means the broader macro impact could be modest in the context of these two competing factors.\n\nSource: zerohedge"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [A trade-off between more uncertainty in the near term and a lighter tariff regime in the medium to long term](https://blog.syzgroup.com/syz-the-moment/a-trade-off-between-more-uncertainty-in-the-near-term-and-a-lighter-tariff-regime-in-the-medium-to-long-term)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Feb 23, 2026, 2:15:34 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/a-trade-off-between-more-uncertainty-in-the-near-term-and-a-lighter-tariff-regime-in-the-medium-to-long-term)

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