Across The Border | Growing concern that Trump’s anti-Beijing rhetoric will be the next topic to head his agenda
Tensions between the US and China could see consumers having to buy more food and commodities from Australia and Europe
As global shares plunged, those who had believed the new US president was only bluffing about introducing controversial proposals on immigration bans during his campaign are certainly taking him seriously now.
The two weeks of volatility since Donald Trump took office have fuelled anxiety that investments in China will be the next victims of his hostile, unpredictable policies, analysts say.
“It’s a fearful time right now,” said Shaun Rein, managing director of China Market Research Group. “When we talk to investors, they don’t know where to put their money.”
International investors have been given a blunt reminder that US presidential pledges can do real harm to the global market.
On January 25, strong growth sentiment sent the Dow Jones Industrial Average above the 20,000 milestone for the first time and triggered global rallies.
It’s a fearful time right now. When we talk to investors, they don’t know where to put their money
But two days later, after Trump signed an executive order banning immigration from seven Muslim-majority countries, protests were sparked across the nation, and beyond.