Reference News website reported on April 24 that a commentary published on CNN's website on April 21 was titled "Trump's Trade War Is Driving Investors Away From the U.S.", written by John Tavafghi. The following are excerpts from the article:

President Donald Trump's radical trade agenda has sent shockwaves through global markets, despite his promise to usher in a new "golden age" for America, and the long-standing attractiveness of American investment is starting to wane.

Analysts say Trump's tariffs are catalysts for the end of the American exceptionalism era and damage the image of the U.S. market as a preferred investment destination with unparalleled performance.

His trade war has affected business decisions and disrupted growth forecasts. Corporate executives have lowered their earnings expectations, and major Wall Street banks have also reduced their year-end targets for the S&P 500 index.

The latest global fund manager survey conducted by Bank of America shows that the number of global investors intending to reduce their holdings of American stocks has reached the highest level since data collection began in 2001.

Investment strategists believe that Trump's administration's trade policies have raised concerns about America's economic growth and prompted global investors to reconsider their allocation to American assets.

They believe that even if the situation gradually eases in the future, the damage has already been done. The released demons can no longer be put back into the bottle.

Alessio Delongi, head of investment solutions at Invesco, said there are three factors driving investors to shift their focus away from the U.S. to overseas.

In January this year, DeepSeek, a low-cost artificial intelligence model similar to ChatGPT launched by China's DeepSeek Company, caught Silicon Valley off guard and challenged the perception of American dominance in the AI field.

In February, the U.S. foreign policy shifted toward reducing support for Ukraine, which stimulated Germany's defense spending and was good news for economic growth and investment in Europe.

Trump's disorganized attitude toward tariffs in March and April was the third factor prompting investors to turn to other markets.

Jason Blackwell, an investment strategist at Focus Wealth Partners, said that the advent of DeepSeek and the prospect of further growth in Europe's economy have attracted investor attention. He said, "Add to this tariffs and this trend of deglobalization, I think a series of events have indeed prompted investors to rethink their international risk exposure and make some adjustments to their investment practices over the past decade."

As investors flock to safe-haven assets, gold prices have surged nearly 27% this year, setting a record high. According to Bank of America's survey, gold was the most actively traded asset in April, breaking the record of seven tech stocks occupying the top trading position for two consecutive years.

Meanwhile, the dollar has weakened overall this year, which may be a sign of waning investor confidence in the U.S.

Chirag Khanna, vice chairman of Evercore ISI Strategic Advisory and Investment Group, said in a report, "Recent market movements indicate a loss of confidence in Trump's economic policies." (Translated by Wang Diquan)

U.S. President Trump (AP file photo)

Original text: https://www.toutiao.com/article/7496742748347777586/

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