Bloomberg Daybreak: Asia Edition
Australian Treasurer Jim Chalmers on Global Tariff Impact
Mar 24, 2025
Australian Treasurer Jim Chalmers, known for his insights on US economic policies and cost of living relief, shares concerns about the seismic effects of new US tariffs on the global economy. He discusses the upcoming national budget aimed at easing financial pressures on Australians. Mark Nachman from Goldman Sachs provides a broader view on global market volatility, highlighting investment opportunities amid economic uncertainty, particularly in private markets and asset diversification strategies.
20:40
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Quick takeaways
- Treasurer Jim Chalmers emphasizes responsible budget management to provide immediate cost-of-living relief amidst global economic uncertainties and tariff impacts.
- Marc Nachmann highlights the increased interest in private markets driven by global volatility, attracting institutional and high-net-worth investors seeking diversification.
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