Greetings,
The United States: The effective US tariff rate is now at its highest level in 125 years.
Here are the tariffs expressed as a percentage of GDP.
The Eurozone: This chart shows the services trade balance with the US.
Commodities: Gold continues to surge, …
China: The renminbi took a hit after the US tariff announcement.
Emerging Markets: The IMF projects slowing GDP growth in Russia through 2026.
Global Developments: The newly announced US tariffs introduce a universal 10% duty on all imports, effective April 5, 2025, with higher “reciprocal” tariffs targeting specific countries starting April 9, 2025. Asia and Europe were hit the hardest.
Food for Thought: Tesla vehicle deliveries:
Edited by Abraham Lent
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