BNY Investments head of global research and portfolio manager, Brock Campbell, considers what Germany’s fiscal bazooka could mean for the country’s infrastructure assets and the possible knock-on effect on Europe more broadly.

Supply constraints and infrastructure growth drive a positive outlook for U.S. energy and commodities.

We believe a renewed emphasis on infrastructure should provide investment tailwinds.

The U.S. postponed a planned 50% tariff on European Union (E.U.) imports from June 1 to July 9. This likely serves as a strategic move but underscores the challenges of reaching an agreement between the U.S. and larger economic blocs. If implemented, the 50% tariff rate will bring the global tariff level to around 21%, up from the current 15%.