WTW – Global Markets Overview, Jun 2025
Summary
The main theme of the document is related to the overview of global markets, with a focus on changes in US trade policy.
Key findings include: an increase in tariffs on steel and aluminum imports in the US; anticipation of additional tariffs in other sectors throughout 2025; possible use of alternative tariff tools by the US administration to maintain trade position; forecasting the overall tariff level in the US at 14% - 15%; impact of trade tensions between the US and China on global markets and reduction of recession risk.
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