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Aluminium and steel tariffs, no exceptions. So far.

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Manage episode 471046256 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Thursday 13th March 2025


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


The Trump administration applied a worldwide tariff on exports of aluminium and steel to the US effective today. The knee jerk response has varied from country to country. Europe is enacting retaliatory measures, whereas the UK is keeping quiet and hoping for some sort of free trade deal. Good luck with that. NAB’s Sally Auld says Australia is sensibly avoiding an immediate response, given it constitutes a relatively small part of our total export market. But tariffs are showing signs of slowing economies. A snap survey by the Bank of Canada - who cut rates yesterday – showed households and businesses were cutting back on spending in the face of uncertainty. Repeated globally could this transmit into an economic slowdown that will see central banks ignoring short term lifts in inflation, assuming prices will fall as the economy slows.


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1395 episodes

Artwork
iconShare
 
Manage episode 471046256 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Thursday 13th March 2025


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


The Trump administration applied a worldwide tariff on exports of aluminium and steel to the US effective today. The knee jerk response has varied from country to country. Europe is enacting retaliatory measures, whereas the UK is keeping quiet and hoping for some sort of free trade deal. Good luck with that. NAB’s Sally Auld says Australia is sensibly avoiding an immediate response, given it constitutes a relatively small part of our total export market. But tariffs are showing signs of slowing economies. A snap survey by the Bank of Canada - who cut rates yesterday – showed households and businesses were cutting back on spending in the face of uncertainty. Repeated globally could this transmit into an economic slowdown that will see central banks ignoring short term lifts in inflation, assuming prices will fall as the economy slows.


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1395 episodes

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