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Trump announces global tariff of 15%, to take effect almost immediately,’ EU demands he abide by trade terms signed in 2025

Link Securities | US President Donald Trump announced on Friday the signing of an executive order that would impose a 10% global tariff on all countries under Section 122 of the Trade Act of 1974. The next day, he changed his mind and said he would raise it to 15%. The decision came after it was revealed that the Supreme Court had ruled that his use of the International Emergency…

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Sanae Takaichi

Japan’s Takaichi landslide victory puts us back positive for stocks and negative for Japanese bonds

Alicia Gª Herrero (Natixis) | At the Lower House election on February 8th, Takaichi’s Liberal Democratic Party (LDP) won a historical victory with 316 seats, which brings her well above the absolute majority. With the Japan Innovation Party (JIP) gaining 36 seats, the LDP-led ruling coalition obtained 75% of total seats at the Lower House. These results should bring higher political stability, as the LDP was in coalition before the…