Investors sell out of US assets as Trump's tariffs destroy confidence | Close of Business | ABC NEWS скачать в хорошем качестве

Investors sell out of US assets as Trump's tariffs destroy confidence | Close of Business | ABC NEWS

The "sell America trade" caused whiplash on Wall Street and took Australian investors on their wildest ride since the COVID pandemic. After largely ignoring share market carnage, it was a bond market rout that forced Donald Trump to backflip on his reciprocal tariffs with all countries bar China, sparking a recovery on stock markets. By the end, the Australian share market was back where it started the week. Gemma Dale from NAB trade talks to Close of Business about the rebuke bond traders sent to the White House and Alicia Barry speaks to John Quiggin, economics professor at The University of Queensland, about why he thinks Australia must have a painful break up with America, as US exceptionalism comes to an end. Gold also lives up to safe haven status with investors flock to the glittering metal. #ABCBusiness Subscribe: https://ab.co/3yqPOZ5 Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel:    / newsonabc   Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on Twitter:   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia