In this week’s edition, Northern Trust’s Global Economic Research team assesses the intensifying global tariff tensions and their implications for markets, trade policy, and economic strategy.
Key Insights:
- Tariff Volatility: Some U.S. tariffs were postponed for 90 days, but 145% tariffs on Chinese goods remain in force; China responded with 125% tariffs, escalating trade risk.
- Automotive Focus: New 25% U.S. auto tariffs target foreign manufacturers, especially from Japan and Korea, threatening global supply chains and consumer pricing.
- Historical Warning: Today’s trade war echoes the Smoot-Hawley Act, which exacerbated the Great Depression—now raising fears of a modern repeat.
Explore the full report to understand how shifting tariff regimes could reshape strategic asset allocation and cross-border business decisions.
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