With elections in the U.S. approaching, Brian Coulton, Chief Economist, and Alex Muscatelli, Director, Economics, look into the potential impact a renewed trade war sparked by US-led tariff hikes could have on the global economy

Fixed Interests

Estimating the Impact of Potential US Tariff Hikes

Thomas Rookmaaker, Head of APAC Sovereign Ratings, and Krisjanis Krustins, lead analyst for Japan, discuss Japan’s fiscal outlook, covering the impact of rising bond yields, fiscal populism and long-term spending pressures.

Fiscal Risks in Japan

The credit outlook for global corporates has worsened in 2025, with 14 sectors and sub-sectors deteriorating at mid-year vs. 5 at end-2024. Justin Patrie and Carla Taylor, Head of Research for the Americas, discuss the drivers and implications.

Global Corporates at Mid-Year - Sector Outlooks Deteriorates on Tariffs Pressure

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From global macroeconomic trends to impacts on the credit markets to regulatory and political changes, Fixed Interests delivers your economic update in 15 minutes or less.

Estimating the Impact of Potential US Tariff Hikes

Fixed Interests

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Fiscal Risks in Japan

Global Corporates at Mid-Year - Sector Outlooks Deteriorates on Tariffs Pressure