
Weekly Macro & Markets View
What were the key global economic data releases, what is Zurich’s view and what does this mean for financial assets?
Weekly Macro and Markets View, Week 15
Highlights and View
- US tariffs are set to rise to the
highest level in a century
This would be a massive drag on the economy and significantly increases the risk of a recession. -
China announces 34% retaliatory
tariff on US goods, pushing total
tariffs to 50%
This marks a sharp escalation from Beijing, heightening the risk of a trade war between the two countries. -
Global equity markets plunge, with
the tech-heavy US Nasdaq index
entering a bear market
Investors capitulated last week, selling heavily. US markets led the decline, though the sell-off was global in nature as revenues and margins are threatened by tariffs.
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