Commentary

Assessing ongoing trade tension and investment implications

With rapid tariff-driven changes in U.S. trade policy still reverberating around the world, a group of Fidelity’s experts met to assess the state of play amid ongoing uncertainty.

By: Collin Crownover Erika Murphy Sladja Carton Beau Coash Tom Rollins

Updated: 4/18/2025

Key Takeaways

The conversation included representation from our Asset Allocation Research Team (AART), multi-asset class strategies, and Fidelity institutional portfolio managers (IPMs), who are part of our investment teams across all public and private asset classes, working with our institutional clients, consultants, and home offices.

Get the full white paper

Assessing ongoing trade tension and investment implications

Next steps to consider

Asset Allocation Research Team (AART)

Access economic, fundamental, and quantitative analysis from our Asset Allocation Research Team.

Learn more

Investment & Retirement Products

Meet the unique financial needs of your clients with our diverse investment and retirement offerings.

Learn more

Advanced Modeling & Rebalancing

Take your portfolio strategies to the next level with our flexible, innovative portfolio construction and management tool.

Learn more

For important information, see the full linked content.

1201417.1

D4B6749BB4CD426F8DAA3D005DDE4B04

Past performance is no guarantee of future results.

Unless otherwise expressly disclosed to you in writing, the information provided in this material is for educational purposes only. Any viewpoints expressed by Fidelity are not intended to be used as a primary basis for your investment decisions and are based on facts and circumstances at the point in time they are made and are not particular to you. Accordingly, nothing in this material constitutes impartial investment advice or advice in a fiduciary capacity, as defined or under the Employee Retirement Income Security Act of 1974 or the Internal Revenue Code of 1986, both as amended. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in this material because they have a financial interest in the products or services and may receive compensation, directly or indirectly, in connection with the management, distribution, and/or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services. Before making any investment decisions, you should take into account all of the particular facts and circumstances of your or your client’s individual situation and reach out to an investment professional, if applicable.

The use of the term "advisor(s)" throughout this site shall refer to both investment advisors and broker-dealers as a collective term.