Booze battle brewing

NAB Morning Call · Mar 13, 2025 · 16m

Friday 14th March 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets behaved in a classic risk-off fashion this session, with equities falling and safe-haven currencies rising. Even the US dollar came to the party. Why? A day of bad news basically. Phil talks through it with NAB’s Rodrigo Catril. First, tariff tensions. President Trump is threatening 200 percent tariffs on alcohol from Europe in response to the EU’s retaliatory strikes. Secondly, data. Even though the headline PPI read for the US suggested inflation is slowing, Rodrigo says…