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In this PERSPECTIVES Special we look at both the prospects for tariffs implementation and their possible impact on U.S. and European equities. 

 

Key takeaways:

  • The U.S. is not simply using tariffs as a bargaining chip. Strategic, protectionist and structural financing aspects mean they could be implemented and stay in place for some time.
  • The process of shaping a tariff mix will likely be a lengthy one, but we would pay particular attention in run up to April 1, when two important U.S. reports will be released.    
  • S&P 500 and STOXX 600 earnings may not be significantly affected, but risk premiums will ebb and flow on tariff news and actions, inducing stock price volatility.

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The PERSPECTIVES Special is currently available and client-ready for the following regions: Germany, Americas, Europe, Middle East, Africa and Asia Pacific.

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