Escalate To Deescalate?

Thursday, May 15, 2025 - 10:00AM to 11:00AM
Investors were rewarded on Monday for their bets that a negotiated settlement will be reached in the United States-led trade war. Risk assets have rallied on news that the US and China will temporarily lower tariffs on each other’s products for a 90-day period. This follows Britain and the US agreeing an outline trade deal that should remove some of the Trump tariffs. In the same week, India and Britain inked a more comprehensive free trade agreement, suggesting that the old liberal trading order is not dead. Our team will pick through these developments to assess if the trade war is over before it got going, and consider the effects on different regions.
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