A roadmap for navigating protectionism – the elevator and the staircase

What are the risks of US protectionist measures on trade and services and tit-for-tat counter-measures setting off a fully blown global trade war? How could this round of tariffs and import restrictions, seeking to protect local jobs, revive local industries and address trade imbalances, affect the global economy and financial markets?

In this 45-minute webcast, three BNP Paribas Asset Management experts present distinct risk scenarios and discuss what investors can do to prepare for each one.

Our speakers will cover:

• Protectionism and the potential to reverse globalisation and curb prosperity
• Scenarios in which protectionist measures could escalate into trade wars
• How would trade wars pan out in terms of, for example, geopolitical tension, the outlook for growth and market volatility?
• Economic and market implications; effects on asset prices and risk premiums
• Implications for a multi-asset strategy including the need for hedging

Featuring:

Guillermo Felices, Head of Research and Strategy

Chi Lo, Senior Economist, Greater China

Daniel Morris, Senior Strategist

Further reading:

• Trade war scenarios: tackling volatility and risk-off situations
• China tariffs: consequences of the ‘America First’ trade agenda and prospects for retaliation
• Trump and protectionism: a method to the madness?