BMO’s CEO Says Market Reaction to Tariff Ruling ‘Pretty Subdued’

After more than a year of trade-related shocks, market reaction to the US Supreme Court ruling on President Donald Trump’s signature international policy has been “pretty subdued,” said Bank of Montreal Chief Executive Officer Darryl White.

“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 ...