Trump’s trade war: Winners and losers
Volatility has been a near-daily feature of President Trump’s trade war. Even with the current calm in stocks, bonds and the dollar, business leaders and consumers are still bracing for more aftershocks from President Trump’s trade war, while many investors sour on the United States. For more on the market implications, CNBC Africa is joined by Handre Retief, Portfolio Manager at Novare Holdings.
Tue, 22 Apr 2025 15:13:52 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Investors are moving towards a more global neutral stance, considering opportunities in regions like Europe and China.
- Market participants are closely watching earnings season for guidance on the effects of tariffs, especially in sectors like autos and banking.
- Concerns arise over the potential consequences of prolonged trade tensions, with a focus on the need for professional and collaborative solutions.
In the ever-changing landscape of global markets, the impact of President Trump's trade war continues to ripple through economies and industries. Amidst the volatility, business leaders and investors are closely monitoring the effects of the ongoing trade tensions. Handre Retief, Portfolio Manager at Novare Holdings, shared valuable insights on the current market conditions and the potential winners and losers in this economic tumult. Retief highlighted the unexpected nature of China's retaliation and emphasized the need for a more market-neutral approach. As the trade war unfolds, investors are reconsidering their positions, moving towards a more global neutral stance. The focus is shifting towards other regions such as Europe and China, with a cautious approach given the uncertainties surrounding trade negotiations. With Trump's administration pushing for trade deals, the market is bracing for more turbulence, especially if the 90-day pause does not lead to concrete agreements.
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