Saturday Morning With Jack Tame

Jack Tame: It's hard to see how Trump's tariffs will work out how he says

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Sinopsis

Trump’s been right before.    There are occasions when he’s come out with something seemingly crazy —totally bananas— earning him all the ire and ridicule of the expert class and the media, only to maybe be proven right over time.  The one that springs to mind is the travel ban with China, shortly after Covid-19 took off. One minute he was being rinsed for it, the next, everyone had a travel ban with China.  That being said, it is so hard to see how his extraordinary move this week is going to work out as he says it will.    Overnight, China has reacted to the tariff plan and share markets around the world have continued to shed trillions of dollars in value. Today is not the day for checking your KiwiSaver balance! But even as the US Federal Reserve says America should expect slower economic growth and higher inflation, the White House insists his plan is working.   One of the curious things about this term is how little he’s seemed to care about the stock market. In his fi