Pimco’s Roman Says US Stocks at Risk Over Tariff Uncertainty (1)

The full impact of US President Donald Trump’s tariff policies has yet to be seen, and that question may weigh down prospects for the US stock market depending on how it plays out, according to Emmanuel Roman, chief executive officer of Pacific Investment Management Co.

While there are bright spots in the economy, such as the data center boom, “if you look outside the hyperscalers, life in industrial America isn’t great,” he said Monday in a Bloomberg TV interview.

“The top line is not growing, and one of the questions we don’t know is the impact of tariffs ...