Market reaction to tariff ruling ‘pretty subdued,’ BMO’s CEO says

The U.S. Supreme Court struck down Trump’s “reciprocal” tariffs in a ruling FridayAuthor of the article:You can save this article by registering for free here. Or sign-in if you have an account.After more than a year of trade-related shocks, market reaction to the U.S. Supreme Court ruling on U.S.

President Donald Trump’s signature international policy has been “pretty subdued,” said Bank of Montreal chief executive Darryl White.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.“Part of that is because some of the outcome that we saw over the last few days was probably priced into bond markets, so we haven’t seen much of a reaction there,” White said in a Bloomberg Television interview Monday morning.The Supreme Court struck down Trump’s “reciprocal” tariffs in a ruling Friday. The president has since said he plans to replace those levies with new, across-the-board 15% tariffs on imports.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.White, who is in Hollywood, Florida, for the bank’s annual mining and metals capital-markets conference, said many of the firm’s corporate clients have adjusted to the swings in trade policy under the Trump administration by taking steps such as rebuilding supply chains.“The instability in the volatility that’s been brought by various decisions over the course of the last year on tariffs have become a little bit more normal course,” he said. “So, in the meantime, more stable than you might think.”With assistance from Annmarie Hordern and Lisa AbramowiczBloomberg.comPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.