A trillion-dollar sovereign wealth fund could be Trump’s grandest plan
There are plenty of big assets that could be sold to get the White House’s hopes in motion. Investors are already being told not to underestimate the impact.
With one trading session left of the first quarter of this year, it is safe to conclude the last three months have been nothing short of a train wreck for sharemarket investors as they’ve tried to decipher what the Trump administration’s grand trade plan is and if it will actually work.
Fears that tariffs will bring higher prices and lower growth aren’t about to go anywhere anytime soon. That’s because April 2 is the long-heralded “Liberation Day”. That’s the day investors will learn more about the White House’s tariff plans. Order might finally replace chaos.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
