“Some days you just can’t get rid of a bomb!”  Big share players won’t find Trump’s tariff tantrum easy to ignore.

Just when you might have been thinking that President Trump is better than you thought, especially with our stock market near all-time highs, he comes out with this tariff temper tantrum that big share players won’t find easy to ignore.

And politicians aren’t seeing this as one of those “Oh Donald just threw his toys out of his cot” episodes, with our Trade Minister Don Farrell slamming the President’s 15% global tariff for all, after his Supreme Cout ruled out his Liberation Day tariffs as illegal.

After the Court ruled 6-3 that his tariffs didn’t pass the legal sniff test, he swung into action saying he’d use the Section 122 tariffs and impose a 15% tariff on all goods coming into the US immediately!

On his Truth Social platform he posted: “Please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10 per cent Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15 per cent level.”

Believe it or not, these will only survive 150 days! Then Congress has to approve them or they lapse. However, some experts think he could then announce a new emergency to bring the tariffs back!

Right now, while market players will be hoping that Anthony Scarramucci’s call that “Trump Always Chickens Out (TACO)” prevails on this big tariff call, you never know which way Donald will duck.

The decision means the $24 billion worth of goods we sell to the US will now cop a 15% tariff rather than the expected 10% tax. This new curve ball for our exporters is bound to turn an expected 16-point gain at the start of share trading today into a sell first, ask questions laterdumping of stocks.

Our dollar also could get caught in the crossfire, which often happens when global trade is threatened by a recession or any other shock to our economic system. And this is a potential shock to the system! Only a TACO play from the President can turn this stock fiasco around.

This trade shock comes as Minister Farrell was set to go to California this week for a G’Day USA event. As the AFR reported, this is “the flagship economic and cultural diplomacy program showcasing Australia in the United States. Farrell is now expected to discuss the latest trade policy developments with senior American officials, which may force him to expand his trip from Los Angeles to Washington.”

“Australia believes in free and fair trade. We have consistently advocated against these unjustified tariffs,” Farrell said on Sunday, while the Opposition spokesperson on trade, James Paterson says the Government should be applying for exemptions.

Either way, this is another Trump created volatility for our stocks and our superannuation from Trump and the business world related to trade and those connected to the stock market must hold their breath and wait for the President’s next unpredictable play.

As a financial adviser who cares about the wealth of my clients, I can’t wait until I hear the sound of chickens squawking out of Washington!