Interesting times indeed. Mr Market seldom looks beyond the end of his own nose, but the World is looking increasingly fraxious these days. Big nations have ever bigger problems. Maybe smaller ones will do better? The end of strong states often results in smaller nations competing harder to thrive, leading to competitive frictions!
Donald Trump has made an example out of Canada: a 35% tariff rate will show these damn Canadians! Probably a mistake. He reminded the world how capricious he is. It will remind markets that Trump and certainty don’t go hand in hand. It leaves the UK in an embarrassing spot.
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