IMCV - Winners And Losers From The Trade War: An Equities View
2025-05-30 05:00:00 ET
Summary
- While the temporary U.S.-China trade truce has reduced the expected tariff impact on U.S. growth and slashed recession odds, there is still likely to be some economic scarring due to shelved investment plans and the hit to both consumer and business sentiment.
- Amid this period of uncertainty, tariffs will likely remain elevated, even if they settle at a slightly different level than where they are today.
- Market volatility is likely to persist as trade policy remains a moving target.
- Despite some recent reversals in trade policy, the broader trend still indicates a rise in trade barriers compared to the start of the year.
By Christian Floro, CFA, CMT, Market Strategist | Emily Foshag, CFA, Portfolio Manager, Listed Infrastructure | Lauren Choi, Portfolio Manager, Equities | Jared Meggison, CFA, Analyst, Equities | Ryan Jordan, Analyst, Equities ...
Winners And Losers From The Trade War: An Equities View