Overview:
- Markets now interpret Trump’s tariffs as strategic rather than punitive.
- Investor confidence has grown in sectors shielded by the new trade measures.
- Mexico and Canada are reassessing their trade positions in response to U.S. policy shifts.
- Financial analysts highlight manufacturing and transport as key beneficiaries.
- Stock performance reflects optimism toward protectionist economic strategies.
Financial markets largely shrugged off the latest US tariff agreement with Indonesia this week, indicating that a rate around 20 percent, once deemed punitive, now appears viable. This marks a significant shift, as markets increasingly view President Donald Trump’s tariffs as negotiation tactics rather than severe penalties.
Audrey Goh, the Head of Asset Allocation at Standard Chartered Wealth Management Group in Singapore stated, “The signing of more trade deals between the US and its Asian partners should help to alleviate and reduce marginal uncertainty, and it will help countries like Asia, excluding Japan, to have an outstanding performance”
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Guest Ideas:
Audrey Goh
Head of Asset Allocation, Wealth Management Group
Standard Chartered
Audrey Goh is the Head of Asset Allocation at Standard Chartered Bank’s Wealth Solutions Group, playing an integral role in global investment strategy. Based in Singapore, she leads a team identifying investment opportunities and managing risks across asset classes worldwide. Ms. Goh also oversees portfolio construction for the private and retail banking divisions and is a key member of the Global Investment Committee, shaping the bank’s investment outlook. Her extensive financial market experience includes roles at PineBridge Investments, where she focused on Asia Ex-Japan equities, and as a technology equity analyst in Taiwan. A Chartered Financial Analyst, she holds a BBA (Finance) from the National University of Singapore and regularly contributes to regional media.
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