How the U.S.-China Battle Will Change Investing

President Donald Trump's sweeping tariffs and China's stinging retaliatory measures are symptomatic of a new contest for global leadership that is reshuffling the geopolitical and economic world order. This tectonic transition is upending the dynamics of free trade, globalization, and the absence of great power conflict that underpinned the steady state of the post-Cold War era. A major rethink of the way we approach investing is due.