Macro Round-up May 20th 2019

As expected, the Chinese announced retaliatory actions to the Trump administrations increase in the tariff rate. Thus far the Trump administration have dodged where possible the application of Tariffs on consumer goods however, should they continue to place tariffs on...

Macro Round-up May 13th 2019

Thematically, over the next few weeks we expect the macro focus to center on developments in the US China Trade talks. The Trump administration increased the tariff rate on $200bn of Chinese goods to 25% (from 10%). Goods at sea will not be tariffed at this rate hence...