Kerry Craig, Global Market Strategist, JPMorgan Asset Management, tells Nitin Dialdas tariffs are generally not a winner for anyone, as they create a weaker growth outlook and don’t protect jobs. Frank Benzimra, Head of Asia Equity Strategy, Societe Generale says reciprocal tariffs will change balances between countries, leaving some economies vulnerable. He goes on to explain why the risk of stagflation is now increasing.