Andrew Callaghan
speaker
2,527 appearances
8 recordings
6 series
first heard Apr 2024
last heard 22 Jun
Andrew Callaghan’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 3.
Appearances
Yeah, look, not a great night for markets because you've had this refresh and an increase in the tension in the Middle East overnight and tariff news.
So the Dow Jones is down 420 points, 0.82%, 50,889.
The S&P 500 is down just on 40.7570.
Shanghai Composite up 0.2%, 4083.
The Aussies yesterday gained 0.7% on the ASICS 200, 61.8785.
Well, yes, we did, actually.
I mean, you will have seen that we started at 10% on Liberation Day.
Then it went up to 15%.
The US courts found that they hadn't used the right legal base for the tariffs they put on all countries in the world, which meant that they were illegal.
exactly right so of the 60 countries that are covered by you know so it's an interim announcement they haven't put in place yet but it is going to roll out the other countries that are not part of this investigation have a separate one which is around excess supply or additional supply i.e you produce more than you need in your own country and therefore you sell it overseas and that in some way could be harmful to the u.s and so ultimately the supreme court found that
The legal base that the president had used to put the tariff rate on New Zealand and every other country was not correct.
It was illegal.
And there isn't anybody saying that what's happening out of the US is a good thing.
In fact, they're saying that, you know, it's creating great uncertainty.
It's harder for everybody's exporters.
And ultimately, that uncertainty leads to, you know, to costs and so on.
What is also happening, though, is that many of the countries are finding ways to work together away from the US, getting barriers down and creating the certainty.
So whether it is worthwhile or not, we will always make the case to the US that these
Our tariffs are wrong.
They shouldn't be imposing them upon New Zealand.
Showing 1001–1020 of 2,527 · page 51 of 127
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