In this episode of Trading Up Unpacked, hosts Jim Fitzpatrick and Richard Ramsey analyse the economic shockwaves following the US Supreme Court ruling that declared President Trump’s previous reciprocal tariffs illegal. They unpack the resulting bureaucratic confusion regarding billions in potential refunds and Trump’s immediate counter-move: a temporary 15% tariff under Section 122 of the 1974 Trade Act. The discussion covers the impact on \"napkin deals\" with the UK and the EU's potential for retaliatory measures.
Closer to home, they examine the Northern Ireland economy, where the Ulster Bank PMI records growth for the first time in eight months. We look at the \"KFC-ing\" of the retail sector through automation and the pressure AI is placing on stocks and jobs. Finally, they review the housing market, discussing a 7.5% rise in prices, supply shortages, and predictions for Bank of England interest rate cuts.
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