Friday 4th April 2025
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You’ll know by now that President Trump’s tariff regime was worse than many had expected, even though Australia got off relatively lightly. You might also be aware that, despite the Presidential claims, the numbers were not based on the tariffs charged by supplier nations, but on a relatively crude formula based on the value of exports to the US against the US balance of trade deficit with that country. That makes it rather problematic for countries to fix-lowering tariffs that might not exist in the first place. But could all this be good for Australia. Phil asks NAB’s Ken Crompton, might we be one part of the world where inflation is contained, and interest rates continue their expected downward trajectory? They also talk about non-farm payrolls, because that’s happening today as well.
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