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    New world disorder

    What shall we do with DB pension surpluses

    06 June 2024 Video, Global macro

    Gareth Colesmith, Head of Global Rates and Macro Research

    Gareth Colesmith, Head of Global Rates and Macro Research, outlines developments in the worlds geopolitical flashpoints and discusses how a victory for President Trump in US elections could impact the outlook.

    Key takeaways:

    • There is a risk that the US may reduce support for Ukraine, but we believe European NATO countries have sufficient resources to sustain the conflict.
    • Trade tariffs are likely to rise significantly if Trump is elected, especially on Chinese goods
    • Trumps unpredictability may well reduce the risk of conflict
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