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        The Markets

        Commentary from our experts on global markets — from today's geopolitical crisis to inflation and volatility.

        2025 Midyear Global Market Outlook

        We have updated our 2025 outlook. Explore our latest forecasts, strategic views, and expert insights on what’s ahead over the remainer of the year.

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        Macroeconomics

        Tariffs, Transshipping, and the Trouble with Vietnam

        April 2 tariffs on Vietnam and Taiwan highlight US concerns over trade deficits, currency manipulation, and Vietnam's role in transshipping.

        May 13, 2025

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