The country’s largest superannuation fund is resisting the temptation to pull money out of the United States sharemarket in favour of European stocks, warning the Continent will suffer the most from President Donald Trump’s sweeping “Liberation Day” tariffs.
Speaking hours before Trump was due to announce new levies on imports to the US to counter what he says are unfair trade deals, AustralianSuper’s head of international equities, Mark Hargraves, said Europe was likely to be most affected by the trade wars.
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