Tariff chaos causing headaches for WA soon-to-be retirees

Tariff chaos causing headaches for WA soon-to-be retirees

Western Australian retirees are facing a nervous wait after Donald Trump’s sweeping tariff policy wreaked havoc on global stock markets, causing superannuation values to plummet.

The tariff war shakes the international economy, but above all it was a blow for Americans who are going through retirement or about to enter this stage. Retired and almost retired from the country are watching with concern, anxiety or panic the stock market collapses since President Donald Trump came to power for the second time, but especially since he announced most of his tariff plan. They are some of the harmed by measures that the Administ…

Trump, tariffs, trade wars and economic chaos

It’s a topsy turvy world, or at least it is with Trump in the White House. Wednesday 2nd April—a day designated by Donald Trump as “Liberation Day”, the day on which the United States would begin to get back its independence—he announced a basic 10% import tariff, a tax on all goods being imported into the United States. On top of that, additional tariffs were imposed on countries with a trade surplus with the US, calculated by a weird algorithm…