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</html><thumbnail_url>https://www.ivocapital.com/wp-content/uploads/2025/11/Dollar.jpg</thumbnail_url><thumbnail_width>1200</thumbnail_width><thumbnail_height>673</thumbnail_height><description>Dear investors, Recent developments related to the Trump administration&#x2019;s implementation of new tariffs have reignited trade tensions and heightened market uncertainty. This situation is fueling questions about the trajectory of global growth, the risk of recession in the United States, and future inflationary dynamics, with mixed effects on US interest rates. Here we would like [&hellip;]</description></oembed>
