25% Tariff Hike Is Significant, But Not a Game Changer Yet, Says Swiss Re’s Haegeli

The video discusses the potential for the US-China trade war to become truly global, emphasizing that while significant, current tariffs are not yet a game changer. The discussion highlights the impact on global GDP, market sentiment, and financial conditions. It also addresses the risks of recession and the need for economic resilience, noting that global growth remains low and less resilient than a decade ago.

What factors contribute to the perception of a trade war becoming truly global?

How significant is the current tariff rate increase in terms of its impact on the US and China?

What are the potential second-order effects of the trade war on financial conditions?

In what ways have recession fears changed since the end of 2018?

What is the current state of global growth in relation to the last decade?