Stay calm people

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Episode Transcript

Speaker 1 (00:00):
People talking about Donald Trump's one hundred and four percent
tariff he's threatened against China. Marny, He's becoming a reality
overcoming ours with economists warning that everything from Barbie dolls
to lawn mowers it's a likely expensive global gifts and
all sorts of stuff.

Speaker 2 (00:14):
Marny. Yeah, are they going to be going to push
those prices right up? That's not good because my middle
child's just got into Barbie.

Speaker 3 (00:24):
That's right. Alex Jefferson, good friend of ours, Marney, He's made.

Speaker 1 (00:27):
J financial planning to get a Alex, Ho, are you
going doing well thanks this one hundred and four percent tariff?
What can you go into it with us?

Speaker 4 (00:36):
Yeah? Absolutely, Look from an Australian perspective, it's actually a
pretty positive thing. And the reason I say that is
China's got to ship this up somewhere else and Australia
will likely be a benefactor of that. And obviously we
don't have those types of tariffs here. So if we
turn our mind to the electric car side of things,
we sort of saw a similar thing when they didn't

(00:56):
allow those electric cars into the US from China and
it came to Australia instead.

Speaker 2 (01:01):
Well, what about tu we're going to see changes if
like my son's on there all the time doing things
and fishing rods and lures, I mean, like to are
we going to get cheaper or is it going to
be deerer?

Speaker 4 (01:15):
Look, I think that it's really that supply Chaine sort
of questions. So if there's parts that are coming from
the US and being manufactured apart from China and then
the US combined and then it comes to US, then
obviously yeah, it's going to be more expensive. But if
it is a direct bill straight from China right into Australia,
then possibly not. But the big brands obviously, like your

(01:37):
Nikes and those types of things, I think certainly you're
probably going to see some increases in some of those
types of prices.

Speaker 1 (01:44):
Unfortunately, Yeah, a lot of people freaking out. You're encouraging
everyone to stay calm, right, Alex.

Speaker 4 (01:49):
Yeah, absolutely stay calm, and you know, with these sort
of turbulent times, there's also tremendous opportunity. So once markets
do settle a little bit, there's an opportunity to pick
up maybe some bargains. Everyone looking for a good deal
and the investment market should be offering them in the
coming once ahead.

Speaker 2 (02:06):
Okay, well that's good news.

Speaker 3 (02:07):
Yeah, and what will happen to the US if he
doesn't back down?

Speaker 4 (02:10):
Trump or on some of these looks, I think inevitably
be going into a recession. It's our current view and
what we're sort of hearing from the analysis, So saying, look,
this is just a bargaining ship of starting point for
the negotiations, try and get better deals, rather than you'm
actually really going ahead with it all. If it did

(02:30):
go ahead, it's what we're seeing from the data is
it's likely would push the US into a recession. So
you know, Trump likes the big deal and the negotiation piece,
so we'll see how it goes there with that, all.

Speaker 3 (02:42):
Right, Well we'll leave it there. Where can people check
you out?

Speaker 4 (02:44):
Alex AJFP dot com dot I use that website.