Thursday 17th April 2025

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Things are getting uglier in the trade war between the US and China. Equity markets have been hit by new limits on the export of NVIDIA’s critical AI chip to China, and threats of secondary tariffs on US trade partners who trade significantly with China. NAB’s Gavin Friend also talks through Jerome Powell’s speech and fireside chat at the Economics Club of China. He basically said, that with all the uncertainty, there’s a chance the Fed could hold back on any further cuts this year. That all depends on whether tariffs are eased. It’ll be a question the ECB will have been pondering ahead of today’s rate decision. There’s also Australian employment data to talk about.

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