Home and Away: Will Trump’s Tariffs Hurt Hi-Fi?

[StereoNET]

Marc Rushton ponders the effects of the US President's recently announced global tariff packages on consumer electronics…

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[cafe67]

Wait till the yanks start discovering how many imported components are in their McIntosh amps and Wilson speakers 

Edited Wednesday at 07:39 AM by cafe67

[Silver Audiophile]

Major update: Tariffs, and AUD/USD heading much higher!

 

As part of Dr Stephen Miran's (Chief White house economic adviser & mastermind behind the current tariffs) - tariffs are in themselves not the goal but the leverage (as correctly mentioned in Marc's article above) to achieve two outcomes:

1) A much weaker US dollar (and other nations not countering this and allowing their own currencies rise higher).

2) Rebalancing the US trade deficit (achieved because of point 1). 

 

The last time the US had a weak dollar policy was in 2011. If we remember back then, the AUD reached $1.10 against the USD (good days)!

Well, if we look at the chart below of the AUD/USD, if we break north of the constraining yellow falling wedge at $0.67, the quiet possibly $1.10 is the next target?

 

Goes without saying, 'if' (big if) the AUD strengthens to these levels and with coming demise of globalisation - This may be a golden opportunity to upgrade your HiFi (heck I'll be doing just that)!!