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Market Update: ASX down -120pts /-1.5% following Trump Tariffs

We’ve now reacted to Trumps Tariff roll out, with markets selling off, though it’s not too bad at this stage, and there is some buying of weakness around. As a refresher, Trump announced a 10% base tariff on all imports entering the U.S, with significantly steeper duties imposed on several key trading partners. The blanket tariffs are scheduled to come into effect on 5th April (this Saturday).
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BHP
MM are trimming BHP in the Active Growth Portfolio, reducing to 7.5% to partially fund a buy in SFR, taking profit around $35.00
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SFR
MM are buying SFR in the Active Growth Portfolio, allocating 4% around $8.00
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Alerts

Market Update: ASX down -120pts /-1.5% following Trump Tariffs

We’ve now reacted to Trumps Tariff roll out, with markets selling off, though it’s not too bad at this stage, and there is some buying of weakness around. As a refresher, Trump announced a 10% base tariff on all imports entering the U.S, with significantly steeper duties imposed on several key trading partners. The blanket tariffs are scheduled to come into effect on 5th April (this Saturday).

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