A geo-strategic model is now front and centre

(Image: Unsplash)

Mon, 14 Apr 2025

We received the big bazooka of US tariffs, and markets have taken a hit for obvious reasons. Tariffs are bad for growth and will add to inflation. There is the real risk of a trade war and global recession.The writing has been on the wall for a while, and a sense of perspective is needed. Markets just woke up to the protectionist reality when they should have been factoring in the emerging risks.We did not switch overnight from the economics of trade (the commercial driver) to a more geo-strategically defined model. The latter is clearly i...

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