A global trade war triggered by Donald Trump’s proposed tariffs would push up the price of goods around the world, putting pressure on the Reserve Bank of Australia to deliver further interest rate rises and potentially wiping $12 billion off mining exports.
National Australia Bank chief Andrew Irvine on Thursday said he was worried a trade war will erupt between the United States and China under president-elect Trump, as the RBA warned there could be an “adverse effect” on the local economy from his proposed tariffs.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
