Our experts provide an overview of recent global events and their impact on the markets.

With more than 3,000 tax treaties in force around the world, tax treaties represent the cornerstone of the international tax regime. A tax treaty, also referred to as a “convention” or “agreement,” is a binding legal agreement between two or more sovereign territorial jurisdictions to provide relief or benefits to the residents/nationals of the treaty signatory jurisdictions (usually countries, but sometimes a specific territorial part of a larger country, such as Hong Kong).

Following days of uncertainty and mixed messages, both from other Cabinet members and from the President himself, President Trump confirmed that 25% tariffs on imports from Canada and Mexico – plus an additional 10% on imports from China – go into effect on March 4th. The news has sent global equity markets into a tailspin.

Trade War Impact: First Pass

It was a sweep. While Kamala Harris had been gaining in some polls in the last week, the U.S. chose to give Donald Trump a second term. Republicans now control the Presidency as well as the U.S. Senate, while leading in House seats. The policy implications are profound. This opens the door to a host of Trump/Republican policies to be enacted both domestically and internationally.

As the Periodic Table of Returns demonstrates, your portfolio should be well diversified amongst global asset classes to enhance return and reduce risk. Click to read more.

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