El-Erian Says 'Resist the Anti-Divergence Trade'

The video discusses the US trade strategy under the President, highlighting its shift from cooperative to non-cooperative tactics, using tariffs and sanctions. It explores the implications of this strategy through the lens of game theory, noting the initial tit-for-tat responses from trading partners and the eventual concessions made. The discussion also covers the economic impacts, particularly the instability it creates in markets, and offers advice on portfolio management, cautioning against investing in emerging markets due to current financial conditions.

In what ways can the short-term strategies impact long-term economic performance?

What does the term 'anti-divergence trade' refer to in the context of this discussion?