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3w ago

Trump's Tariffs Trigger Global Market Turmoil, Slashing Australian Super Balances

Australian retirement funds have dropped 4-5% as escalating trade tensions and retaliatory tariffs deepen economic uncertainty.

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Many Australians will be left poorer as global stock markets decline, with experts pointing to US tariffs and economic uncertainty as the main causes.
A line chart shows share prices falling after the announcement of tariffs.

Overview

  • Australian superannuation funds have lost 4-5% in value following a rapid decline in global stock markets caused by Trump's sweeping tariffs.
  • The Australian Securities Exchange has seen $100 billion wiped out in a single day, marking one of the worst market downturns since the Global Financial Crisis.
  • China has imposed a 34% retaliatory tariff on US goods, with European nations expected to announce additional measures, increasing fears of a prolonged economic slowdown.
  • Experts urge Australians to avoid reactive decisions, emphasizing the importance of maintaining long-term investment strategies despite the volatility.
  • Super funds like AMP and Aware Super are adjusting strategies, planning to capitalize on lower stock prices, while analysts warn of potential further market declines.