Thursday 2nd August 2018

The Trump administration will make an announcement today and its plans for tariffs on Chinese imports. Reports suggest they will raise the rate on the planned impost. Phil Dobbie talks to NAB’s David de Garis about the impact the news has had on the markets and how China is reacting to the uncertainty. There’s been less reaction to the FOMC meeting this morning and a rate rise from the Bank of England seems a near certainty. They also discuss the plight of the Aussie and Kiwi dollars, both taking a hit this morning.