A bit of car trouble

Markets are speculating whether President Trump will impose tariffs on car imports from Europe. That could be bad news for the struggling German economy but, as NAB’s Tapas Strickland explains, the threat could just be another negotiating ploy from the President. There was car trouble I the UK too, with Honda said to be announcing a plant closure, but the markets were moved more by seven MPs quitting the Labour party, reducing the chances of a Corbyn led far-left government any time soon. Closer to home, we see the RBA minutes today – will it fix up the disconnect between their post-meeting Statement and Philip Lowe’s speech.

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