Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

deVere Group says Trump's trade war puts him on the wrong side of history, warns investors

Monday, March 26, 2018

Komfie Manalo, Opalesque Asia:

Independent financial advisor deVere Group CEO and founder Nigel Green said that President Donald Trump's trade tantrums put him on the wrong side of history and investors should review their portfolios.

Green made the comments after global stock markets come under heavy pressure on fears over the rising trade tensions between the U.S. and China - the world's largest and second largest economies, respectively - and how global economic growth and corporate earnings will be impacted.

He said, "Trump's trade tantrums are putting him on the wrong side of history. By imposing tariffs and opposing free trade and globalization, he is potentially creating a totally unnecessary trade war that will be detrimental to the U.S. and global economies. It is almost like he is trying to drag America back to a time that no longer exists."

Trump on Thursday confirmed tariffs up to $60bn in annual Chinese imports. He stated that China must pay for decades of unfairly acquiring American intellectual property. A day later, Beijing unveiled plans to impose levies on 128 U.S. products, representing approximately $3bn in imports.

Green added, "For all Trump's protectionist grandstanding, globalization in the world of trade and commerce is here to stay and will, if anything, only gain momentum in coming years and decades. Globalization is marching on with or without the U.S.......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1