Our Geopolitical strategists received a lot of client questions following rapid US political developments, and addressed them in their latest report. US policy uncertainty is spiking, driving global uncertainty higher. Tariff…
The tariffs on Canada and Mexico will come into effect as scheduled while the tariffs on China will be doubled. In the Middle East, Iranian response to any attack will threaten Middle Eastern oil supply. Meanwhile, Chinese fiscal…
Trump’s ceasefire talks are positive for Germany – and so was the German election result. But Trump’s tariffs will hit Germany soon. Investors should use near-term volatility to increase exposure to Germany.
President Trump is negotiating a ceasefire in Ukraine. This will be a marginal headwind to some commodities which benefitted from the conflict like natural gas and wheat, and will be a marginal tailwind for European assets,…
Our Geopolitical strategists published a Special Report discussing President Trump’s rhetoric on territorial expansion in North America, Greenland, and Panama. The biggest surprise of Trump’s first weeks in office has not been…
Our China Investment strategists assessed the impact of increased US tariffs on China. The latest US tariff hike on Chinese imports is expected to cut China’s GDP growth by 0.6 percentage points in 2025, primarily through a 2.5-…
President Trump shot the opening salvo of his second trade war, announcing 25% tariffs on Canada and Mexico, with a more modest 10% on China and Canadian energy. Both countries retaliated with tariffs and non-tariff measures.…
Our Global Investment strategists offered their initial thoughts on the nascent US trade war with its allies, with a few longer-term takeaways. President Trump’s decision to delay Mexico tariffs on Monday highlights the…
Our Geopolitical Strategy team modeled several of the Trump administration’s most disruptive policies in a simple game theory framework. The Trump administration’s policies have created a complex web of trade and foreign…
