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‘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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El Diario Montañes broke the news in on Thursday, April 3, 2025.
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