Investment strategists warn that certain pockets of the Australian sharemarket are still vulnerable to simmering trade tensions despite Australian exports not being directly targeted by US President Donald Trump’s tariff spree. Mr Trump has delayed the 25 per cent levies on Mexico and Canada by a month after both countries agreed to strengthen border controls, but the 10 per cent tariff on China came into effect on Tuesday. Morningstar believes that poses the most significant threat to the local sharemarket, which on Friday was trading just 40 points below its record high. Loading...