Trump is making the rest of the world great again: Antipodes

US President Donald Trump’s tariffs and trade policy are posing a risk to US exceptionalism and “Trump is in the process of making the rest of the world great again,” according to Jacob Mitchell, chief investment officer and founder of Antipodes, a Sydney-based investment manager.

“We don’t know where tariffs will ultimately land and arguably the Trump administration doesn’t know either,” Mitchell told a Pinnacle-organised webinar.

But while tariffs may be a headwind to global growth, they may not be as bad for China as feared and they may force China to accelerate the rebalancing of its economy, he said.

China’s direct and indirect exports to the US account for about 3.5% of GDP and are the equivalent of about 6% of China’s consumption.