Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>For weeks, if not months, the world has been wondering what the "reciprocal tariffs" would be, and what the logic would be behind them.</li>
<li>There is talk of VAT, and NTBs, and huge tariff step-ups after quotas are exceeded (US exports of milk and cheese to Canada - high tariffs, but quotas not exceeded).</li>
<li>But a quick check of the math on the Trump Executive Order and Annex I tells you the logic is different than what everyone expected. </li>
</ul>


For weeks, if not months, the world has been wondering what the "reciprocal tariffs" would be, and what the logic would be behind them.
There is talk of VAT, and NTBs, and huge tariff step-ups after quotas are exceeded (US exports of milk and cheese to Canada - high tariffs, but quotas not exceeded).
But a quick check of the math on the Trump Executive Order and Annex I tells you the logic is different than what everyone expected. 


Trump Team's Weird Tariff Math - Not Meant to Be Negotiated

SPDR S&P 500

Trump Team's Weird Tariff Math - Not Meant to Be Negotiated