Tariffs test investors’ mettle – but it’s the uncertainty that hurts
Aware Super head of investment strategy Michael Winchester
With the Trump Administration hellbent on carrying out an increasingly punitive economic agenda, it looks like no country will be exempt from the tariffs that have been levelled against the likes of Canada, Mexico and China. Australia, and a host of other traditional US allies, can only hold their breath for what comes next.
Equity markets have responded accordingly, with the local and global indices quickly falling into correction territory as recession fears spiked.
“The short-term noise around trade policy and geopolitical risk has certainly increased,” Michael Winchester, head of investment strategy at the $190 billion Aware Super, observes – a little drily.
But what…
