Allianz GI's McKinney Sees 'Stagflationary' Impact of Tariffs

The video discusses the performance of the S&P 500 compared to Europe and emerging markets, highlighting the divergence in equity markets. It explores the impact of trade wars, particularly the US's reduced exposure compared to other regions. The widening valuation gap between US and global indices is examined, along with the effects of tariffs on prices and the economy, suggesting potential inflationary pressures.

Discuss the potential impact of tariffs on inflation and the job market in the US.

What factors contribute to the expectation of higher inflation in the US economy?