Wei Li, the global chief investment strategist at Blackrock Investment Institute, stated that the market is currently pricing in bilateral negotiations around tariffs. She noted that if this situation changes, it would be a warning for risk assets, stocks, and crediting. Currently, there is a preference for risk, but this could change. Any statements regarding tariffs could trigger market reactions, and there is hope that these market reactions will lead the incoming Trump administration to change its stance on tariffs.