CommSec’s Ryan Felsman claims markets are likely to be “jolted” today following US President Donald Trump’s threat to impose 10 per cent tariffs on eight European countries over their support for Greenland.
“That [the tariffs] could lift to a 25 per cent tariff by June and wipe off up to 0.3 percentage points of economic growth from both Germany and Britain if that does take place,” he told Sky News Australia.
“We have seen the Aussie dollar react slightly to this news. It’s down 0.3 per cent to 66.66 US dollars.”
Presented by CommSec.
