Commodities are front and centre in President Trump’s trade and foreign policies as his administration pursues US dominance, spurred by competition with China. This paradigm envisions affordable US energy prices, higher US output in the old economy (such as, crude oil and manufacturing) and new economy (such as, power, metals, and AI). In this week’s podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), discusses the policy shifts and offers motivations as to why the elevated level of uncertainty reinforces the diversifying role commodities continue to play in portfolio allocation this year.
The MUFG Global Markets Podcast can be found directly on our MUFG Podbean page or via a number of platforms, including Spotify, Apple, and Stitcher.