Market is misunderstanding Trump’s tariff rate is closer to 12%, says Morgan Stanley’s Jim Caron

Jim Caron, Morgan Stanley Investment Management cross-asset solutions CIO, joins ‘The Exchange’ to discuss what the market is missing right now, the market’s optimism around tariff negotiations, and much more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g

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