Perspectives: Trade and capital flows – emerging patterns
The global impacts of US trade policy and tariffs continue to ripple through the global economy. Renowned economist and Senior Fellow at the Council on Foreign Relations, Brad Setser, joins Janet Henry, HSBC’s Global Chief Economist, to discuss the outcomes so far and the implications ahead. Their wide-ranging conversation also covers new patterns in investment allocations and trade flows, the impacts on the US dollar, China-US trade relations, and how Emerging Markets are faring. Watch or listen to find out more. This episode was recorded on the sidelines of the HSBC Gulf Cooperation Council (GCC) Exchanges Conference in London on 17 June 2025. Read more about the GCC conference here https://grp.hsbc/60564QHqo Disclaimer: Views of external guest speakers do not represent those of HSBC.
About Brad Setser
Brad W. Setser is an American economist. He is a former Counselor to the U.S. Trade Representative, Deputy Assistant Secretary of the U.S. Treasury, and Director of International Economics for the U.S. National Economic Council and National Security Council. He currently serves as senior fellow for international economics at the Council on Foreign Relations. He was previously the Director of Global Research at Roubini Global Economics Monitor where he co-authored the book Bailouts or Bail-ins? w...
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