Barclays's Hobbs Says Asia `Looks Cheap'

The video discusses the impact of the new NAFTA deal on US stocks and the ongoing US-China trade tensions, including potential tariffs and their implications. It explores China's economic strategies in response to these tensions, such as fiscal and monetary easing, and the potential effects on the yuan. The discussion extends to the broader impact on emerging markets and the global economy, highlighting the strong US economy's influence on global economic dynamics.

What is the primary focus of the new NAFTA deal according to the discussion?

• Major changes in trade policies

• Increase in tariffs on European goods

• Strengthening of U.S.-Mexico relations

• Reduction in potential trade skirmishes

What is JP Morgan's baseline scenario for tariffs on Chinese goods in 2019?

• No tariffs

• 25% tariffs on all goods

• 15% tariffs on selected goods

• 10% tariffs on all goods

What is the expected movement of the yuan by the end of the year according to JP Morgan?

• Strengthening against the dollar

• Remaining stable

• Experiencing high volatility

• Trading lower

How is China expected to handle the economic impact of the trade war?

• By increasing tariffs on U.S. goods

• Through fiscal and monetary easing

• By devaluing the yuan significantly

• By seeking new trade partners

What is the anticipated effect of the strong U.S. economy on Asia?

• Asia will see increased inflation

• Asia will experience a trade surplus

• Asia will benefit from economic warmth

• Asia will face economic challenges