‘Sell America’: investors are increasingly avoiding the US – here’s what it means for Australian markets

News Snapshot:

At the same time as Australians are cutting back on plans to visit the US under Donald Trump, a new type of investment strategy designed to avoid America is fast gaining popularity. The “sell America trade”, an expression that barely existed before Trump spooked markets by unveiling his new tariff regime late on 2 April, is now a common expression among traders and appears regularly in investment notes to explain the day’s price movements. Given what happens in the US affects global markets, the emerging strategy could have a significant impact on Australia. What is the ‘sell America trade’? For...