Asia’s superrich rapidly scale back U.S. exposure amid trade war

The world’s richest families are cutting ties with U.S. assets amid President Trump’s tariffs, viewing the economic climate as increasingly unpredictable. One family office has divested entirely of U.S. holdings, shifting investments to Asia, while a bank executive noted an unprecedented sell-off, signaling potential long-term shifts in wealth distribution. Many have reduced or paused U.S. investments due to policy uncertainty and concerns about an economic downturn.