The Day After, Tariff Doubts

Wednesday 22nd January 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s the first full day for Donald Trump in the White House and markets are already assuming tariffs will take a bit of time and perhaps won’t be as pervasive as he was initially letting on. NAB’s Gavin Friend talks through the market response, which has assumed, ultimately, there will be a less radical approach to trade, with tariffs used as a leverage for a better trade balance. For Europe, for example, that could mean buying more energy and defence. On his counter to inflation, through a program of ‘drill baby drill’ Gavin doubts the US oil and gas industry will be that keen on upping production and seeing prices lowered. Hosted on Acast. See acast.com/privacy for more information.