Thursday 3rd April 2025

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President Trump’s announcement in the Rose Garden is bad news for us. For the podcast, that is. It’s just after we publish the final edition at the US market close. So, there’s every chance you’ll know what’s happened before you listen. But what happens next? And, as NAB’s Rodrigo Catril points out, there’s more to come from President Trump, plus any retaliatory moves by other nations. Rodrigo and Phil talk about how the markets reacted in the build up to the US close. Larry Summers says the real unknown is how much damage it will do to the US economy and the difficult position it places the Fed in.

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