US EditionTrump Threatening Tariffs up to “60 & 70%”; Risking Another Correction in Shares Before TACO Kicks in (Again); RBA to Cut by 0.25%
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The base of countries that have reached agreements to avoid high collection is still low and the agreed terms are unknown
U.S. President Donald Trump is expected to formally notify his main trading partners of a new tariff regime as soon as Friday, according to media reports. Tariffs, which will enter into force on August 1, could result in charges of up to 70% on [...]
Trump threatening tariffs up to “60 & 70%”; risking another correction in shares before TACO kicks in (again); RBA to cut by 0.25%
By Dr Shane Oliver, Chief Economist and Head of Investment Strategy at AMP. Investment markets and key developments Another week of record highs in shares. Share markets mostly pushed higher over the last week, with US shares rising 1.7% to a record high helped by hopes for trade deals, solid US jobs data and as Congress passed Trump’s tax cut bill. The surge in US shares also pushed the MSCI global share index to a record high with Eurozone…
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