Trading blows

This Quarterly View from DWS Investments explores the economic and geopolitical implications of protectionist U.S. trade policies under President Trump’s administration.

• Trade Policy Outlook: The U.S. is likely to favor bilateral deals, with a focus on renegotiating trade agreements and leveraging tariffs for political gains.  
• Global Implications: Trade tensions with China may escalate, potentially impacting European and emerging markets caught in the crossfire.  
• Market Impact: U.S. equities and bonds remain stable in the short term, but long-term risks include inflationary pressures and supply chain realignments.  

For a deeper analysis of these trade policies and their market consequences, access the full report.