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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But again, uh still early days, even though it's only a couple of weeks away.
And I think that's part of the reason why you've seen a relatively uh subdued uh market reaction in in in regards to this.
But that's notwithstanding, there's gonna be a lot of volatility as the headlines start to emerge as more of these letters come out and as the negotiations really
come to the fore ahead of that August one.
Yeah, indeed.
And actually when you look at the Australian dollar, uh its its weakness really occurred in the Asian session yesterday post the um uh the truth social post about the BRICS tariff.
But uh just broadly, uh Trump did say on uh or or truth uh any country aligning themselves with the anti American policies of BRICS will be charged an additional ten percent tariff.
There will be no exemptions to this policy.
Thank you for your attention to this matter.
Now the key thing is
Um it wasn't really defined what anti American policies are.
Uh and so some people would kinda linked it to previous comments that the Trump Trump administration have made towards alternatives to the US dollar uh that were being um uh pushed by the BRICS block and uh But it it was it was a it
it's worth noting some developments that have occurred in the BRICS um country block.
So uh Russian President Vladimir Putin said national currencies in Russia's trade with BRICS nations reached ninety percent last year.
Uh and so obviously that's partly due to the sanctions that have been placed on Russia, but they're finding ways to conduct trade uh without using the US dollar.
So I think that's a interesting thing, especially in the
environment of um the kind of US dollar secular weakness story that we've been talking about uh for for some time here.
All right,
Well and I think this is uh quite important 'cause obviously the uh next Fed chair um has to be put in place by May of next year and there's been a lot of talk about who would be the next Fed chair, how independent would they be of the White House?
And Peter Navarro, he is a uh trade councillor with with the White House and uh he tied um US Fed policy to US fiscal policy uh in in the sense that um he made two
Showing 361–380 of 3,313 · page 19 of 166
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