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US - China Trade War - Re-Assessment of Damage and Possible Spillovers.

Update ·QS Team ·11 Apr 2025

Re-Assessment of Tariff Damage and the Spillovers to Expect. Yesterday i wrote to you after the initial Trump volte face on the imposition of reciprocal tariffs postponed for 90 days and the imposition of 125% tariffs on China. I calculated that the average US tariff was…

Report
Report

US Tariffs: The Gentleman is for turning

Strategy Report ·David Roche ·10 Apr 2025

The Gentleman is for turning Tariffs are still in mega-shock terrain: US average tariffs after April 10 volte face are 26% Vs 3% when President Trump took office. That’s 1% higher than if reciprocal tariffs had been implemented. What has changed is that Trump behavi…

News
News

Royal United Services Institute (RUSI) - David Roche - US Trade and Trump’s Tariffs – Disruption or Design?

David Roche ·07 Apr 2025

President Trump aims to do two things. One is to destroy the liberal world order and ditch the US alliances that constitute it. The second aim is to kill off globalisation and replace it with a nationalist economic model. The major tool to achieve these aims is a unified geo-eco…

Media
Podcast

RTHK - The Close.

Podcast ·David Roche ·07 Apr 2025

Why Trump is not a buy-on- the-dips opportunity but a change in world order that destroys globalisation and the liberal world order in ways that will profoundly change what you invest in.

Report
Report

RUSI - US Trade & Trump’s Tariffs - disruption or design

Strategy Report ·David Roche ·07 Apr 2025

It is the dual targeting of US alliances politically and globalisation economically which makes the Trump 2.0 administration so lethal.

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