Could a capital war be the next big risk for the global economy?
From tariff threats to financial restrictions, global tensions are entering a new phase. Aberdeen's expert economists break down what’s at stake and why it matters now.
Date: 18 Feb 2026
Since Donald Trump returned to office in January last year, tariffs — taxes on imports used to influence trade and protect domestic industries — have frequently made headlines, as the US President begins to reshape global trade.
Paul, Luke and Lizzy discuss how a capital war could be the next stage; how the EU may have leverage over the US; the prospect of European institutions dumping US Treasuries; and whether the US capital account surplus is really a chokepoint trading partners could exploit.
Listen to the full discussion here:
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