Five Minutes to Midnight

Wednesday 9th April 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe full set of US tariffs applies from midnight tonight in the US (2pm Sydney and Melbourne). Including the hefty ones with China. As NAB’s Sally Auld says, the China tariff is so high its basically an acknowledgement that they don’t want to trade with China anymore, unless a deal is done. There has been more talk of potential deals. If any of them come to pass it will be an indication that the Trump administration is willing to negotiate, rather than slavishly sticking to a principal of completely balancing trade with each country. Who knows? Certainly, the optimism in the markets early on in the session quickly diminished and stock markets closed well down in the US. Hosted on Acast. See acast.com/privacy for more information.