Horror session after the gory details

NAB Morning Call · Apr 3, 2025 · 18m

Friday 4th April 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABYou’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…