A US-China economic split under Donald Trump would undermine Labor’s plan to ramp up the export of green metals and hydrogen due to interruptions in global trade, according to Treasurer Jim Chalmers.
Australia was more exposed to a global trade war than other countries because trade was worth about 50 per cent of Australia’s economy, compared with trade in goods and services accounting for about 25 per cent of the US economy, he added.
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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 election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
