After the US Supreme Court overturned President Donald Trump's tariff policies, Morgan Stanley said the weighted average tariff rate on goods from Asian countries will decrease from 20% to 17%, and the average tariff rate on Chinese goods will drop from 32% to 24%.Although this may only be temporary relief as the White House is seeking to slap tariffs on specific industries and economies, Morgan Stanley believes that the period of high uncertainty in tariffs and trade tensions has already passed.Related NewsLoan Prime Rate 1Y for 2026 in China is 3%, unchanged from its last period. The forecast was 3%.