Metlife – Global Risks 2025: Turning Points, Dec 2024

The report by the Metlife – Global Risks 2025: Turning Points, Dec 2024 highlights the various risks that could arise due to policy uncertainties under the incoming U.S. administration. The impact of tariffs on trade, especially in relation to China, is discussed, with potential outcomes ranging from negotiated settlements to significant tariffs that could affect free trade agreement countries like Canada and Mexico. The potential cancellation or slowdown of funding for industrial policy bills and enforcement of new immigration rules are seen as factors that could impact investment growth and labor markets. The report also predicts a critical juncture in monetary policy discussions in the coming year. The risk of evolution or revolution in global trade is a major concern, with projections of widespread tariff implementation. The potential implications of tariff policies on different regions, particularly in Europe and Asia, are also examined, with scenarios of retaliatory actions and strategic responses considered. Overall, uncertainties in global trade and economic policies present significant challenges and risks in the outlook for 2025.