US President Trump has been an unabashed trade hawk for decades, writes Kevin Hebner, managing director of global portfolio management at Epoch Investment Partners.
He has called for protectionist measures since at least 1989 when he declared he was not afraid of a trade war, presaging his more recent exhortation that "trade wars are good, and easy to win". Historically, Americans have been very pro-trade. Today, however, a majority of citizens agree with the US president‘s views, especially when it comes to dealing with its new rival: China. Since President Xi‘s ascension in 2012, China has changed the terms of engagement. While his predecessors emphasised a "peaceful rise" President Xi has been far more assertive than anything seen since the da...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
