In this week's Rowe On Monday, Tim Rowe explores the effect of increased tariffs on global bloodstock, provides an insight into the state of play in the American industry and reveals the priorities for incoming Aushorse boss Andrew Hore-Lacy.
‘A massive step backwards’ - US tariff uncertainty
The world is in a state of flux, trillions of dollars have been wiped off global markets and there are claims America could be plunged into a recession as a result of President Donald Trump’s “Liberation Day” tariffs.
The President’s trade war, referred to by some as the “chart of death”, and the subsequent tit-for-tat particularly from China, has investors ducking for cover.
The Aussie dollar is at 61 US cents, its lowest since February 2020 at the onset of the pandemic, and the ASX 200 down 4.16 per cent on Monday at 12.30pm amid the global uncertainty.
Just what the tariffs - 10 per cent on imports from Australia and UK and 20 per cent for the European Union - means for the world’s bloodstock market isn’t clear, either.
The thoroughbred industry is being played on an increasingly global scale and the movement of horses, be it stallions, mares or indeed racehorses, is commonplace.
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