Identifying opportunities in the midst of policy-driven market uncertainty
By Raj Singh
Portfolio Manager, Multi-Asset
Trade policy uncertainty is anticipated to remain high despite recently announced trade deals, with Trump administration utilizing tariffs as a negotiation tactic. This ongoing "tariff noise" will likely become a fixture in the economic landscape. While the impact of tariffs on China is projected to be mild, tariffs is likely to affect Mexico and Canada significantly. In Europe, tariffs are likely to stabilize around 15% based upon the latest trade deal announced but will also be influenced by sector-specific tariffs.