US still main external influence on local market

WITH US President Donald Trump’s “Liberation Day” having come and gone, global markets are now grappling with the reality of updated tariffs being imposed on their respective products imported into the United States.

One silver lining from the reciprocal tariffs is that the picture is perhaps clearer now to an extent, if compared to the “will he, won’t he” situation that had been hanging over the global trade situation akin to the sword of Damocles since Trump’s return to the White House in January.