And these are early days.
>The volatility has convinced many investors to sell an assortment of US assets and direct their money to more stable markets elsewhere, in a strategy now known as the “**sell America trade**”.
[https://www.theguardian.com/australia-news/2025/apr/21/sell-america-trade-investors-trump-tariffs-stock-market-shares-dollar-explainer](https://www.theguardian.com/australia-news/2025/apr/21/sell-america-trade-investors-trump-tariffs-stock-market-shares-dollar-explainer)