Call it the emergence of a new world order. US President Donald Trump declared 2 April the US’s “Liberation Day” by imposing a 10% tariff on more than 180 countries along with higher reciprocal tariffs on 60 nations. This shocking announcement created a tsunami of fear that reverberated throughout global stock markets. Two days later, on 4 April, the Dow Jones Industrial Average plunged more than 2,200 points to enter a correction while the technology-heavy NASDAQ Composite Index fell headfirst into a bear market. Meanwhile, the S&P 500 Index lost 10.5% of its value within two days, culminating in its fifth-largest two-day decline since 1950. Over in Singapore, the Straits Times Index (SGX: ^STI), or STI, also experienced gut-wrenching volatility, plunging by 7.5% on 7 April as investors headed for the exits. Since then, Trump has announced a 90-day stop to the reciprocal tariffs (except for China). In the latest twist, smartphones and computers have also been exempted. Yet, investors remain jittery. With volatility being rampant, here’s why you should...