So-called “Liberation Day” has catalysed a global market selloff, with US President Trump announcing sweeping new US tariffs, including a baseline 10% tariff on all imports, effective April 5. “Reciprocal tariffs” on several countries were significantly bolder than markets had expected, ushering in new...

The market sell-off following the announcement of new trade tariffs continues as investors try to assess Trump’s next move and the impact on the global economy. We do not advocate kneejerk reactions during moments of market turmoil. History has demonstrated that even after the worst...

US announces higher-than-expected trade tariffs Market reaction was clearly risk-off but still manageable Uncertainty is here to stay. As with previous announcements, Trump could still dilute, delay or remove tariffs, with the floor open for negotiations   Global financial markets entered a risk off mode...

Written as at April 1 The first quarter of 2025 was anything but smooth. Market volatility surged, equity markets diverged, bonds offered little in the way of refuge, and investors were reminded just how quickly sentiment can shift when policy uncertainty meets geopolitical strain. This...

Another week, another set of changes to US trade policy – and that’s before the April 2 deadline where reciprocal tariffs on several trading partners will be unveiled. The week began with President Trump announcing a 25% tariff on imports from all countries that buy...