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The 5 big risks facing markets right now (that are not Donald Trump)

While all eyes are focused on Trump’s tariff announcement, investors are dealing with five big secular shifts, and a more pressing problem lurking in the US economy.

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There’s just two sleeps until Liberation Day – and no one knows a damn thing.

Nobody knows, of course, what US president Donald Trump’s slate of reciprocal tariffs is going to look like – the goal posts seem to shift daily, even hourly sometimes.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/not-just-trump-the-5-other-risks-facing-markets-right-now-20250331-p5lnrc