A walk past many of the Merchants Halls in great British market towns reminds us constantly of the importance of trade and its ability to drive wealth creation.
President Trump's tariffs promise to disrupt trade flows threatens long-term economic growth and the associated wealth creation. The considered market reaction has so far been modest as investors recognise the limited footprint of the tariffs announced (US aluminium and steel imports are 0.25% of GDP) and judge that Trump will stick to his model of shouting loud only to row back later. 'A policy mistake of gigantic proportions': Markets and experts react as China hits back at Trump'strade tariffs There is also a strong belief (maybe hope?) that so far the Chinese and others have ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
