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Macro Monday Ep 79: Markets remain calm about tariffs episode artwork

EPISODE · Jul 14, 2025 · 9 MIN

Macro Monday Ep 79: Markets remain calm about tariffs

from Investec Focus Radio SA · host Investec

Based on the latest announcement, the effective US tariff rate on imports is now about 18%, the highest since the 1930s. Despite this, says Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth, markets remain relatively calm – and the US equity market is still pricing in strong earnings growth – suggesting that the Trump administration won’t follow through on many of the tariffs. Investec Focus Radio SA

What this episode covers

Based on the latest announcement, the effective US tariff rate on imports is now about 18%, the highest since the 1930s. Despite this, says Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth, markets remain relatively calm – and the US equity market is still pricing in strong earnings growth – suggesting that the Trump administration won’t follow through on many of the tariffs.

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Macro Monday Ep 79: Markets remain calm about tariffs

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This episode is 9 minutes long.

When was this Investec Focus Radio SA episode published?

This episode was published on July 14, 2025.

What is this episode about?

Based on the latest announcement, the effective US tariff rate on imports is now about 18%, the highest since the 1930s. Despite this, says Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth, markets remain...

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