25% Tariff Hike Is Significant, But Not a Game Changer Yet, Says Swiss Re’s Haegeli

The video discusses the potential for the US-China trade war to become truly global, emphasizing that while significant, current tariffs are not yet a game changer. The discussion highlights the impact on global GDP, market sentiment, and financial conditions. It also addresses the risks of recession and the need for economic resilience, noting that global growth remains low and less resilient than a decade ago.

What would make the current trade war between the US and China truly global?

• Increased tariffs towards Europe and Japan

• Increased tariffs on all US imports

• A complete ban on Chinese goods

• A reduction in tariffs between the US and China

What is the estimated impact of the 25% tariff rate hike on global GDP?

• 2.0%

• 0.5%

• 0.1%

• 1.0%

How has the trade war affected global financial markets?

• It has improved market conditions

• It has had no impact

• It has caused shocks and affected sentiment

• It has stabilized them

What economic indicator in the US has recently inverted, raising recession concerns?

• Unemployment rate

• Inflation rate

• Yield curves

• Consumer confidence index

How does today's global growth environment compare to that of 10 years ago?

• It is unchanged

• It is significantly improved

• It is less resilient

• It is more resilient