Tapas Strickland, NAB’s expert market economist and strategist, sheds light on the economic landscape shaped by recent US tariffs on imports from Canada, Mexico, and China. He discusses how these tariffs could redefine expectations for global growth and inflation. Strickland delves into the repercussions on GDP and market reactions, while also considering labor market indicators like rising employment costs. The discussion highlights the complexities of international trade relationships and potential retaliatory actions from other nations.

Tapas Strickland, NAB's market economist, shares insights on the Reserve Bank of Australia's cautious stance on interest rate cuts compared to global trends. He highlights the upcoming governance changes where the RBA will split into two boards focusing separately on monetary policy. The conversation shifts to the economic implications for Australia and Europe, addressing inflation statistics and credit rating revisions. Strickland also notes the good news for Americans as Thanksgiving dinner costs decline, despite long-term price increases.