Trump threatens more tariffs as China’s manufacturing grows, US contracts

The markets were spooked overnight by threats of further tariffs from the US President if a trade resolution isn’t reached. He also showed he meant business by instantly applying new tariffs on Argentina and Brazil over their currency devaluation. Phil Dobbie asks NAB’s Tapas Strickland whether the President’s tirade is driven by manufacturing data showing growth in China and contraction in the US. Also, today, not much expected from the RBA, even though Aussie data yesterday showed more cause for concern. Plus, a partial rebound in oil prices as the question remains on the stance OPEC will take on production cuts this week. And the US President is in the UK for NATO.

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