Source: Torsten Sløk, Deutsche Bank, via Bloomberg
May: “If the US follows through on the latest trade war threats it will raise the overall US tariff level to 7.5%, which is higher than in many emerging markets…”
June: Others were similarly cautious. “We appear to have arrived at almost exactly the minimum positive outcome to justify financial markets’ positive sentiment.” -Andrew Jackson, head of fixed income at Hermes Investment Management.
July: ?
