NAB Morning Call Weekend Edition: Thinking beyond the deal
May 16, 2025
Michael Feller, Chief Strategist at Geopolitical Strategy, shares insights on navigating today's complex investment landscape. He discusses how recent geopolitical tensions, including conflicts from Israel to Ukraine, impact trade and economic stability. Feller examines the implications of evolving tariff policies and a multipolar world, emphasizing Australia's robust economic position amidst global uncertainty. He humorously suggests innovative investment strategies while analyzing the possible future influence of Donald Trump and his family's role in politics.
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Tariffs Reflect Rising Nationalism
- Tariffs are connected to global unrest and stem from rising nationalism, especially in the US.
- Trade policies reflect attempts to respond to domestic grievances tied to globalization's unequal benefits.
Trump's Chaos as Negotiation Tactic
- Trump's deal-making aims to create chaos to gain leverage for better terms.
- There appears to be no coherent grand strategy in his trade policies, causing uncertainty.
US Tariffs Clash with Economic Reality
- US tariffs undermine Trump's goal to bring jobs home due to full employment and economic risks.
- The American public may resist the sacrifices needed for reshoring manufacturing and trade wars.