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Analysen 19.03.2018

Rising fears of protectionism

Rising fears of protectionism

Protectionism: a tax on growth


  • Trade war avoided but pressure on ongoing NAFTA negotiations
  • Pressure on other countries (Brazil, Korea and Germany) and EU and China will respond
  • US trade policy could make other countries renegotiate trade agreements separately
  • Protectionism fuels volatility on markets and the real economy

Asset class

Japanese equities

Why the current outlook makes a compelling case for Japanese equities

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