Tapas Strickland
speaker
3,313 appearances
30 recordings
1 series
first heard Sep 2024
last heard Aug 2025
Tapas Strickland’s voice in public audio — every appearance, attributed to the second.
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It was expected on the ninth of uh July that if countries hadn't agreed, then the old Liberation Day tariffs uh would come back on.
That's been extended out to August one effectively, and all these tariff rates that you mentioned, Japan twenty five percent, South Korea twenty five percent, they're actually uh pretty much what their liberation day tariff was gonna be, just rounded or the integer just rounded to the nearest five.
So it seems like they've tweaked tweaked that formula of uh
uh exports minus imports over imports and just rounded that to the nearest five.
So for example, Japan at twenty five percent, its liberation day tariff was going to be twenty four percent, South Korea twenty five percent, its liberation day tariff was going to be twenty five percent.
So uh I I don't think there's a lot of uh new news here apart from perhaps the extension of that July ninth deadline here.
No.
Well
Yes, and I I think uh the market reaction should be negative, but it's not going to be uh largely negative until you get more clarity around that, especially just given how the Trump administration pivoted quite aggressively post those Liberation Day tariffs when the markets did did sell off.
Uh but what we can reflect on and what you were reflecting on with uh Ray yesterday, uh, was the outcome of the Vietnam Agreement.
And that I think is gonna provide a bit of a template there.
And uh the key thing that you're discussing with Ray.
There was a twenty percent uh tariff and uh four forty percent on trans shi trans shipments.
Yeah.
Now while while twenty percent is definitely lower than what they would have got post liberation day at forty six percent, uh twenty percent is a lot higher than the kind of baseline that markets had been toying with um uh since that one.
Yeah, so I I wouldn't think so.
So I think for countries that uh the US runs a trade surplus with, so such as Australia, I think they will continue to get uh a ten percent tariff.
But for the ones that are running Australia
Exactly.
So it looks like it may settle more around the twenty percent mark, and then that's when you have to start adjusting things and where markets will have to start reacting to.
Showing 341–360 of 3,313 · page 18 of 166
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