“What’s expected is a rather limited and temporary impact, with higher inflation and slower growth in the US, and less of a recessionary effect. What does this mean for investors and the economy? Explore our Research Weekly for insights.Our experts see the US tariffs as a temporary disruption to achieve non-trade-related goals, such as addressing immigration and the opioid crisis. For the US, tariffs are likely to lead to higher inflation and slower growth, but not a recession, if they persist. Countries affected by the tariffs may experience deflation if they persist. Investors should remain calm and wait for the negotiation process to unfold before taking significant action, considering the current uncertainty as another step in the market’s climb up the ”wall of worry.”
Morten W. Langer
