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Risk Channel
North America
National Defense Strategy downplays China threat

The Trump administration's National Defense Strategy, released Friday evening, takes a softer tone toward China, and calls for deterrence "through strength, not confrontation." The strategy frames migration and narcotics in the Western Hemisphere as greater threats than those posed by foreign adversaries, and prioritizes protecting the U.S homeland, securing its borders, and reinvigorating domestic technology development and manufacturing capability. The strategy identifies North Korea as “a direct military threat to South Korea and Japan,” but also warns that its nuclear ambitions could imperil the U.S.

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Risk Channel
UK/Europe
North European investors weigh geopolitical risks

Pension industry leaders and investment chiefs from Finland, Sweden and Denmark have told Reuters that they are increasingly wary of the risks of holding US assets amid US foreign policy uncertainty and White House debt levels that they view as a threat to the dollar, US Treasuries and stocks. "All of this turmoil is raising some questions about how exposed ⁠you should be to the US . . . that is ⁠what our members are professionally assessing," ​said Tom Vile Jensen, deputy director of trade body Insurance and Pensions Denmark.

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