A week out from Donald Trump's tariff deadline, the US has signed a deal with the UK, an agreement with Vietnam and reached a trade framework with China. That's far less than the 90 deals in 90 days flagged by the Trump administration. But Blackrock's chief investment strategist for APAC, Ben Powell says even though the Trump administration has set themselves " a very demanding pace", trade deals normally take years to deliver one, "so three in just a couple of months is by, normal historic standards, pretty good going." US markets have pushed to fresh records on the news, but there are fears another 'Liberation Day' may bring investors back to earth. However, Ben Powell says rather than a rout, investors should expect more dynamism. Mr Powell says Blackrock's recently released its second half outlook, which shows the firm remains bullish on US equities, despite the risks ahead of Donald Trump's July 9 tariff deadline. He says while Blackrock is not naive to the risks, the tailwinds are now more significant than the headwinds. Those tailwinds, he says, are "some really good companies. It sounds simple, but it's true". Companies in tech and AI in particular.
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