'Sell America': investors are increasingly avoiding the US – here's what it means for Australian markets

At the same time as Australians are cutting back on plans to visit the US under Donald Trump, a new type of investment strategy designed to avoid America is fast gaining popularity. The "sell America trade", an expression that barely existed before Trump spooked markets by unveiling his new tariff regime late on 2 April, is now a common expression among traders and appears regularly in investment notes to explain the day's price movements. Given what happens in the US affects global markets, the emerging strategy could have a significant impact on Australia. What is the 'sell America trade'? For…