With just two weeks to go before US President Donald Trump’s global tariffs deadline, financial markets are clinging to the hope of further delays as countries try to hash out a deal with America.
But strategists are warning of “complacency” in the market with investors underestimating the potential for a more punitive outcome, leaving both the Australian dollar and the sharemarket vulnerable to a sell-off.
Source: https://www.afr.com/markets/debt-markets/markets-asleep-at-the-wheel-as-tariff-d-day-looms-20250625-p5ma2w