90-day reprieve on debilitating US China tariffs
Tuesday 13th May 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets were taken aback by the size and immediacy of tariff cuts announced Monday between China and the US. Although we did highlight it as a possibility in yesterday’s podcast. NAB’s Gavin Friend says it wasn’t just the size of the tariff cuts, down to 30% on China and 10% on the US, but also the goodwill displayed after the weekend talks. Equities have risen sharply, the dollar is stronger, and markets are pricing in more rate cuts. The news does make upcoming data a little less…
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