Yep, it’s the second order impact on our biggest trading partners that screws Australia. On the surface, a 10% tariff on us is absolutely no big deal, in fact if other nation’s are being taxed more, then obviously he creates a competitive advantage for us, provided Americans keep buying our products. At a deeper level, messing with Japan, China and South Korea is the big problem for Australia, that’s why the AUD fell so hard the other day (-4%+).
SPR Price at posting:
$1.91 Sentiment: Hold Disclosure: Held
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