By Anwiti Bahuguna, Ph.D., Senior Portfolio Manager, Head of Multi-Asset Strategy
The ups and downs of trade talks have analysts sharpening their pencils and reassessing the impact of trade policy on growth and inflation.
In late May, trade talks between the U.S. and China ended abruptly. The U.S. raised the tariff rate on $200 billion of imports from China from 10% to 25% and raised the prospect of additional 25% tariffs on remaining imports of about $300 billion. In addition to China, there remains a risk of Section 232 auto tariffs on imports from Europe