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An election surprise and the existential threat of imported cars

As you know, the Coalition had a surprise victory on Saturday night (we assume they will hold on top government in some form). As NAB’s David de Garis explains to Phil Dobbie, we’re already seeing a rise in the Aussie dollar, but there’s likely to be more interest in the actions of the RBA and the latest on the US trade war headwinds. On that, the US-China trade talks have been put on hold and, whilst auto tariffs have been delayed, the US President argues imported cars national security threat and he can impose his 25% if talks with Europe and Japan don’t go his way. Meanwhile, with the EU elections on Thursday, its another week when you wouldn’t want to be Theresa May.

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