Trump’s tariffs could hit Australian Boomers like nothing before
The superannuation sector has become a major driver of spending, so a market meltdown could flow through to the broader economy in a way we haven’t seen before.
Scott Bessent can’t help himself. In almost every interview, the US Treasury secretary refers to the 35 years he spent as an investor, working for such luminaries as George Soros and running his own $8 billion fund.
He was at it again on Wednesday night, just minutes after US President Donald Trump sent financial markets crashing by announcing the biggest threat to global trade since the 1930s.
James ThomsonColumnistJames 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
