The Money Café with Alan Kohler The 'TACO Trade'
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May 29, 2025 
Stephen Mayne, a contributor at Intelligent Investor and founder of Crikey, dives deep into Trump's tumultuous trade policies, discussing the recent court ruling that challenges his tariffs. The conversation also touches on the fallout from the Healthscope collapse and its ramifications on Australia’s corporate landscape. Listeners gain insights on the latest AGMs, the rise of hybrid vehicles, and the ever-evolving superannuation and wealth tax debates. Mayne's expertise sheds light on investment strategies and the shifting dynamics of the market.
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Court Limits Trump's Tariffs
- Trump's tariff impositions exceeded his authority according to US constitutional limits.
- The courts have blocked his tariffs, showing that legal checks rather than markets might rein him in.
Courts, Not Markets, Reign In Trump
- The bond market may not be the check on Trump; courts likely will be.
- Trump has lost 96% of federal court cases recently, with rulings against him regardless of judges' party.
Healthscope Collapse and Debt Drama
- Healthscope collapse has governments worried as 37 hospitals face uncertain futures.
- Chinese government banks and hedge funds now own much of its debt after big local banks fled.