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Market Insights

Market Insights

Citi UAE's view on the financial market and the world of wealth today and tomorrow.

Investment Strategy Bulletin and Webcast ꟾ April 7th 2025 By Citi Wealth Insights

US Hikes Import Taxes Ten-Fold to Deglobalize

Shock and awe

The Trump administration’s April 2 tariff announcements surprised the market with their scale and their breadth. Our best estimate is that full delivery of these tariffs would increase 2024’s effective tariff rate by 10X, to nearly 25% - meaningfully higher than the 10-15% range being discussed by the investment community before the announcement.

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Middle East Strategy

Middle East Strategy ꟾ Mar 2025

Middle East Strategy: Economic Fear Driving Prices Lower

The oil market is facing significant downward pressure from a combination of weak demand expectations, rising supply from OPEC+ and non-OPEC+ producers, and global economic uncertainty. Brent crude is currently trading around $70 per barrel at time of writing, with risks tilted to the downside as markets prepare additional supply and potential economic headwinds.

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