On Our "Virtual Route 66" This Week: On The State of Our World
Our team pulled together some thoughts as the Tariff Wars continue and America's Status in the World continues to be of concern: Global Economy America the Unstable The US will pay a market penalty for Trump’s turmoil APRIL 13, 2025 by Rana Foroohar Global Economy Trump chaos prompts top Canadian and Danish pension funds to cool on US Rethink comes as tariffs and talk of territorial expansion stoke market instability and geopolitical tension APRIL 13, 2025 by Sun Yu and Antoine Gara in New York and Mary McDougall and Arash Massoudi in London The impact of tariffs on US GDP growth and inflation The “reciprocal” tariff policy President Trump announced this week would impose a weighted average tariff rate of 18.3% on US trade partners, around 3 percentage points higher than Goldman Sachs Research had expected. Roughly one-third of total imports would be exempt, which reduces the impact to a 12.6 percentage point increase in the effective tariff rate. Our res...
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