Insights & News - EFGAM New Capital

A changing world

Podcast - Tariff turmoil, Trump 2.0 and a big beautiful bill

Friend of the podcast Dan Clifton returns to Beyond the Benchmark to help make sense of the ongoing Trump tariff saga and his ‘big beautiful bill’. Trump’s economic trials and tribulations are also set against the backdrop of a radical shift in the way the US conducts foreign affairs, as signalled on his recent trip to Qatar in a speech which has been surprisingly overlooked by most.

05 juin 2025

Macro

WTO's Global Trade Outlook: Trade momentum reverses amid tariff escalation

The World Trade Organization (WTO) downgraded the outlook for global trade in its April 2025 Global Trade Outlook, reflecting the changes in US trade policy and the spill over from rising policy uncertainty. In this Macro Flash Note, Samira Rahman looks at the key takeaways from the report.

05 juin 2025
Read time: 3 mins

Insight

Causes and consequences of the OPEC+ pivot

The decision on 3 May by eight OPEC+ countries to further boost oil supply indicates a shift in the cartel’s strategy towards defending its market share. In this edition of InFocus, Senior Economist GianLuigi Mandruzzato looks at the rationale for the OPEC+ decision and the implications for energy markets and the economy.

04 juin 2025

Macro

UK and EU start new post-Brexit stage

The President of the European Commission Ursula von der Leyen and the UK Prime Minister Sir Keir Starmer recently announced the agreement of a new deal. This represents potentially the most significant development in relations between the UK and the European Union (EU) since Brexit. In this Macro Flash Note, Economist Joaquin Thul reviews the key aspects of the deal and what it holds for the future.

23 mai 2025
Read time: 3 mins

Macro

US and China climb down tariff ladder, outlook remains uncertain

Trade talks in Geneva resulted in a temporary reduction of 115 percentage points in reciprocal tariffs between the US and China. In this Macro Flash Note, Economist Sam Jochim discusses the outlook as the US and China take the first steps down from the trade war ladder they had been climbing.

20 mai 2025
Read time: 2 mins

Macro

Trump's and Starmer's Victory Moment

On 8 May a trade deal was announced by US President Trump and UK Prime Minister Starmer. Details of this agreement are still being finalised and final approval will be needed by US Congress and UK Parliament. In this Macro Flash Note, Economist Joaquin Thul discusses the content of this deal and its short-term implications for the US and UK economies.

19 mai 2025
Read time: 2 mins

Outlook 2026