‘Ugly week’: How NZ shares weathered the storm of US tariff turmoil
- Financial markets globally declined sharply due to concerns about President Donald Trump's new tariffs, with the S&P 500 dropping 4.8% as fears of a global recession grew.
- Prime Minister Mark Carney announced Canada would impose matching tariffs on non-compliant U.S. Vehicles, stating, 'We must respond with both purpose and force.'
- Portfolio manager Ron Aloni advised that investors are shifting towards safer assets like government bonds, urging caution amid ongoing market volatility.
- Experts predict ongoing volatility in markets as uncertainty from Trump's economic decisions disrupts stability, with questions remaining about the future of affected industries.
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Total News Sources48
Leaning Left10Leaning Right6Center3Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 16%
R 32%
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