Australia risks worst of both worlds in Trump tariff war
Markets and local business leaders were sure Trump’s tariffs threats were a negotiating tactic. A serious rethink is suddenly needed, especially Down Under.
At any other time, there’d be something faintly amusing about the fact the market has been apparently caught by surprise after the first salvo in a tariff war Donald Trump has been promising to fire for more than a year.
But this is very serious – and it’s particularly serious for Australia, which would be badly exposed to a tit-for-tat battle between the US and China.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
