Phil Suttle
speaker
557 appearances
3 recordings
1 series
first heard Oct 2024
last heard Jul 2025
Phil Suttle’s voice in public audio — every appearance, attributed to the second.
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Appearances
The weekend
Yeah, I I think you're right.
Uh I mean obviously you can do arithmetic however you want.
Uh although, you know, lots of small changes to small things, if you do enough of them accumulate to something a bit bigger, uh putting it bluntly.
You know, we we we we've obviously going through various swings on sentiment, on the impacts of tariffs, both on growth and on inflation.
Um, and you know
uh to begin with, there was a view, well, this was all trivial because he wouldn't do very much.
Then in April it was, Oh my God, he's gonna do a lot.
This is gonna be huge.
Uh and then, you know, the the famous taco effect kicked in and he chickened out
particular and this is the really important thing in in terms of t tariffs on China, um and and and actions on China.
Um and now of course we're back in a in a world where
you know, the sus the suspension, which took three months between April ninth and July ninth, is now sort of being crystallized in a more potentially more more durable set of tariff rates being levered across countries.
Net net, you know, you're looking at a something like a fifteen to seventeen percentage point rise.
in the effective US tariff rate on its own.
But
No very good question.
And I guess the short answer is I can't give you precise uh uh estimates, but you know, take an auto.
Yeah, one of the most explicit com uh uh tariffs in Nevit so far, it's been twenty five percent on enforced automobiles.
And there you're dealing with a high value
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