What do Trump’s trade tariffs mean for this US$9.7tn opportunity?

Photo by Ivan Karpov on Unsplash

The global trade finance industry is robust enough to withstand an assault from US President Donald Trump’s tariffs, according to one leading asset manager, which could present a US$9.7 trillion opportunity for U/HNWIs and family offices in Asia. Federated Hermes, which has about US$830 billion in AUM, believes that trade finance could present steady returns amid market volatility for wealthy…

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