China likened the United States’ tariff policy to a ‘numbers game’ with no practical meaning after the administration of US President Donald Trump imposed multiple rounds of duties on Chinese imports over the past few weeks.
In a statement on Friday, the Chinese government accused Washington of using tariffs as a weapon for bullying and coercion, while hitting back with its own reciprocal trade duties.
Should you invest now or wait for stock markets to settle? This is the number one question on every investor’s lips. The answer: It depends what kind of investor you are. Risk profiles and calculations can give you an indication of risk tolerance. But it is not until you get a decent market downturn that
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International Reading: Trump Finally Confirms True Scope of China Tariffs—Setting Up Disaster – New Republic Is Trump Pulling Off the Biggest Financial Fraud in History? A Dire Warning – Integ Carney’s Checkmate: How Canada’s Quiet Bond Play Forced Trump to Drop Tariffs – Dean Blundell Trump burned the stock market with tariffs — then took
You can’t stop the bond music as we see seismic shifts in global trade and risk markets with the pressure on US Treasuries building further even as the Trump regime tries to backtrack its kindergarten level economic stupidity, while the Chinese, EU and Canada deftly move the chess pieces around the table. The USD is
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This week saw the Reserve Bank of New Zealand cut the official cash rate (OCR) by 0.25% to 3.50%, as widely expected. The reduction means the OCR has now fallen by 2.0% from its peak of 5.50%. Curiously, the Reserve Bank’s commentary attached to its decision was not as dovish as expected. “Most members” saw
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Victoria has the nation’s highest per capita debt and the lowest credit rating. The recent budget update reported that Victoria’s net debt has risen from $36 billion to $155 billion during the last decade. The state’s net debt is expected to rise to $187 billion in the three years to 2026–27. The expansion of Victoria’s
On Wednesday, the Australian Greens announced that the abolition of negative gearing and the capital gains tax (CGT) discount will be a priority in a minority government. The Greens’ policy is as follows. Grandfather negative gearing and the 50% CGT discount to one investment property. Any properties purchased after the policy commences, or the second
“It’s almost heartbreaking:” LNP states have killed two renewable targets in two weeks. What’s next?
It is hard to believe that the Dutton-led Coalition now faces the prospect of losing seats at the upcoming federal election. The combination of Donald Trump’s trade war and policy own-goals like promising to ban working from home (since revoked) has sent Coalition support plummeting. The latest YouGov poll shows that Labor now leads the
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