Donald Trump imposing trade tariffs on Australia would have very little effect on the economy but a US-China trade war would create much bigger risks, Reserve Bank deputy governor Andrew Hauser says.
Mr Hauser said Australia’s trade exposure to China was unusually concentrated, leaving it more exposed to disproportionate punitive US tariffs on China that could hurt its economy.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
