Courting Trump
Trump’s tariffs are blocked then unblocked by US courts, adding to the uncertainty that is the signature of 2025.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 30th May 2025
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The US Appeals Cout has determined that Trump’s tariffs can stay, for now, but it remains a battle the President will have to fight. Kit seems markets had assumed he’d find a way to impose his tariffs anyway otherwise we would have seen more significant market moves. Th emain concern within the US seems to be how much of the new tax cuts assumed a high level of tariff revenue to compensate for the deficit. NAB’s Ken Crompton joins Phil to talk through the response, along with softer US data overnight, and to look ahead to a deluge of data out today and tonight, including retail sales for Australian and Japan, housing credit and building approvals at home, the US Core PCE and personal income and spending data, along with Canada’s GDP and China’s PMIs.
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