‘Trigger to a broader financial crisis’: Australia sees market turmoil continue amid Trump tariffs скачать в хорошем качестве

‘Trigger to a broader financial crisis’: Australia sees market turmoil continue amid Trump tariffs

Judo Bank economic advisor Warren Hogan claims President Donald Trump’s sweeping global tariffs are a “trigger” to a “broader financial crisis”. “This is a trigger to a broader financial crisis, and that’s what the risk is now that the volatility, the losses in equity markets are starting to trigger selling in other markets and that we reveal a problem in the global system ... that then starts to unravel,” he told Sky News Australia. “Trump’s tariffs, they’re part of this, they’re just the trigger that’s going to have a long-term effect.” This comes as the Australian share market sees a sea of red at the open on Monday, with the ASX 200 down by over six per cent.