Markets Weekly podcast (27 April 2026): Liberation Day – one year on

A year on from when President Donald Trump announced his 'Liberation Day' tariffs, what has been the impact on the global economy? Lukas Gehrig, Head of Quantitative Macro and Thematic Strategy, joins host Julien Lafargue, Chief Market Strategist, to consider the effects the initiative has had on global trade routes. They also discuss how the tariffs have affected the US economy and explore the likely inflationary impact from this year's energy shock caused by the conflict in the Middle East.