Over the weekend, Trump announced additional tax tariffs for goods being imported into the US. Bloomberg estimated that the average tariff will be moving from 3% to 10.7%, reducing US growth by 1.2%, and increasing inflation by 0.7%. The full impact of tariffs is likely to be known in the future, however, markets are already pricing the impact, seeing bonds, gold and currency down at this moment. Our Head of Investments, Kevin Kidney, adds further commentary on what this means for you and what we’re expecting in the markets in the future.