Worldwide Financial Planning

President Donald Trump fanned the flames mid-week by threatening to slap the EU with a 25% tariff. He approved 25% levies on Canada and Mexico, and also a 10% tariff on Chinese imports.

Good financial recipe habits aren’t complex. Spend wisely, save first, invest patiently, protect what matters and let time do the rest.

Meanwhile, a month after assuming office the Trump effect is still being felt. It is most evident in defence stocks this week, as the 180° turn in US
policy towards Ukraine is forcing the UK, the Eurozone and the Baltic states to rapidly review their approach to security.

Yes, it can be daunting, intimidating gobbledegook, and complicated, but a good independent financial planner takes all the detail out and delivers something else – peace of mind.

This week the Donald Trump effect was evident in markets again. Trump kicked off with 25% tariffs on steel and aluminium imports and ended the week with a promise of reciprocal trade tariffs on all US trading partners.

Four years ago, Trump’s biggest funder contacted me regarding this column. Last week, I said I might be waiting a long time for Trump to come good on his deal to end the war in the Ukraine. Amazingly two days later, he announced he would be scooting into Saudi Arabia to meet Mr Putin to do just that. Great to feel wrong for a good reason.