NewsBite

Chanticleer

Chanticleer

In this trade war, one thing is even more damaging than the tariffs

Australia risks getting caught in a double-barrelled Trump hit, as stocks and bonds are battered by uncertainty and fears of an economic slowdown.

EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Australia’s failure to win exemptions from Donald Trump’s tariffs on our relatively puny steel and aluminium was quickly overshadowed by a near-perfect example of how stupid trade wars can get.

Doug Ford, the premier of the Canadian province of Ontario – and until recent months a complete unknown in global politics – retaliated against Trump’s 25 per cent steel and aluminium tariffs by announcing a 25 per cent surcharge on the substantial amount of power his province sends to the US.

Loading...
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
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Equity markets

Fetching latest articles

Most Viewed In Chanticleer

    The Australian Financial Review Magazine

    BOSS Financial Review

    Project Manda co-founders Ed van Roosendaal and Ash Farrugia say they’re lifting productivity by making workers more accountable for taking up other people’s time.

    Life & Leisure

    Gallerists Joanna Strumpf (left) and Ursula Sullivan with a shimmering pink ceramic piece by sculptor Linda Draper.

    Rich List

    Nick Andrianakos, pictured in Greece’s Nafplio, where he had been building a hotel.

    Original URL: https://www.afr.com/chanticleer/more-tariff-madness-means-fresh-pain-for-markets-20250312-p5livc