Geopolitics and Trade Tensions Are Impeding Globalization, Morgan Stanley's Zezas Says

The transcript discusses the concept of slobalization, where geopolitical factors accelerate existing trends that slow globalization. It highlights the impact on various sectors, particularly those with sensitive supply chains, and identifies emerging regional champions. The political discourse in the US, especially regarding US-China trade tensions, is analyzed, noting bipartisan support for non-tariff barriers. Investment strategies for affected industries are discussed, emphasizing the need for supply chain diversification. Potential resolutions to trade disputes and the challenges of enforcement are also explored.

What are the pre-existing trends that were slowing globalization?

How have US-China trade tensions impacted global trade?

What are non-tariff barriers and how do they affect commerce?

What sectors are expected to be most affected by the snowball effect?

What incentives might a home country provide to protect sensitive technologies?

How does the political discourse in the US influence trade relations with China?

What challenges exist in enforcing trade agreements between the US and China?