Macro Monday Ep 79: Markets remain calm about tariffs
Update: 2025-07-14
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Based on the latest announcement, the effective US tariff rate on imports is now about 18%, the highest since the 1930s. Despite this, says Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth, markets remain relatively calm – and the US equity market is still pricing in strong earnings growth – suggesting that the Trump administration won’t follow through on many of the tariffs. Investec Focus Radio SA
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