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Equity markets are lower and the dollar is weaker against all of its major counterparts after the US cycled through four different tariff frameworks between Friday morning and Saturday afternoon, underscoring the policy uncertainty facing the world’s largest economy. After the Supreme Court struck down President Trump’s use of the International Emergency Economic Powers Act, he moved to replace the...
• US tariffs. US Supreme Court rules against Pres. Trump. US tariffs being rejigged. USD softer. AUD & NZD a little firmer. AUD still near multi-year peak.• Macro trends. Over medium-term reworking tariff policies may be US growth & USD supportive. This week AU inflation data due. RBA Gov. Bullock speaks.
Global Trends
US tariff developments were in focus on Friday and the weekend. The...
Only a day after the Supreme Court struck down his tariff regime, and less than 18 hours after signing an executive order implementing new 10 percent tariffs on all US trading partners, Donald Trump has announced he will increase the levy to 15 percent.
In a post on his social media platform, the president said after a “thorough, detailed, and complete review of the ridiculous, poorly written, and...
US president Donald Trump has said he will sign an order imposing 10-percent tariffs on all global imports later today, replacing many of the levies ruled illegal by the Supreme Court this morning. In a press conference punctuated by accusations of foreign meddling in American courts, the president said the new duties will be implemented under Section 122 of the Trade Act of 1974, implying that there...
The Supreme Court of the United States this morning ruled against Donald Trump’s use of the International Emergency Economic Powers Act to impose tariffs, but declined to rule on firm’s eligibility for refunds, meaning that importers will be left to pursue claims through the Court of International Trade.
At first glance, the ruling should reduce tail risks for market participants. The threat of abrupt...
The American economy slowed by more than expected in the final quarter of 2025, with weaker consumer spending, trade effects, and the government shutdown combining to sap momentum. Data released by the Bureau of Economic Analysis this morning showed gross domestic product rising at a 1.4-percent annual rate in the fourth quarter after a 4.4-percent jump in the three months prior, surprising economists...