Volatility in stock and bond markets has surged following President Donald Trump’s tariff announcement. Sean Keane explains why. Video / Alyse Wright
Volatility in stock and bond markets following President Donald Trump’s tariff announcement has refreshed investor memories of the Global Financial Crisis and dot-com crash, but a top strategist says this crisis is not the same.
“This is self-made,” JB Drax Honore chief Asia Pacific strategist Sean Keane told Markets with Madison.
“In this case it’s very deliberate.
“It’s one man with a view about imbalances in global trade that he wants to solve for.
“So he’s provoked this, quite deliberately, and I think the market’s been guilty of not listening to him.”
JB Drax Honore chief APAC strategist Sean Keane says the market did not listen to President Donald Trump.
The President had since executed a rollback of sorts, reducing all imposed tariffs to 10% for a 90-day period, excluding China.
“The execution the White House has undertaken has been appalling, because they’ve alienated people,” Keane said.
“If he specifically targeted China and left the rest of the world largely alone, he would have got a significant amount of international backing, I think, for that.
“Instead of going after Denmark, Australia and penguins in the Indian Ocean.”
Watch Sean Keane discuss how markets have reacted to Trump’s tariffs and why investors may have now lost confidence in the US economy, in today’s episode of Markets with Madison above.
Get investment insights from executives and experts on Markets with Madison every Monday and Friday here on the NZ Herald, on YouTube and wherever you get your podcasts.
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Disclaimer: The information provided in this programme is of a general nature, and is not intended to be personalised financial advice. We encourage you to seek appropriate advice from a qualified professional to suit your individual circumstances.
Madison Malone (nee Reidy) is host and executive producer of the NZ Herald’s investment show Markets with Madison. She joined the Herald in 2022 after working in investment, and has covered business and economics for television and radio broadcasters.
