Liberation Day
Phil and NAB’s Taylor Nugent talk through the proclamations at Trump’s inauguration speech. The dollar is weaker on the hope that tariffs might not kick in straight away.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 21st January 2025
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Donald Trump is now the US President again. At his inauguration speech, on what he called Liberation Day, he outlined a slew of Executive Orders that he will sign in the next few hours. NAB’s Taylor Nugent says hours ahead of the inauguration the Wall Street Journal published a suggestion that tariffs might not be implemented from day one. That doesn’t mean they are off the agenda, however. The new President talked of an External Revenue Service that will collect “massive amount of money” from foreign countries as part of an overhaul of the trade system, that will see consumers paying less tax on goods, instead the cost will be incurred by foreign companies through tariffs and taxes. Taylor and Phil talk through some of the other plans and schemes that the new President intends to enact.
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