What Trump or Harris would mean for global markets and Australia
Tariffs are unlikely to have a direct impact on Australian trade, but changes to US trade policy may have a larger effect on our ambition to diversify our export base.
During last week’s US presidential debate, the economy was mentioned, but facts and details were in short supply on both sides.
The one exception in this regard was the issue of tariffs. Former president Donald Trump has pledged to raise tariffs of “up to” 20 per cent on “most” goods entering the US, and between 60 per cent and 100 per cent on those coming from China. Vice President Kamala Harris said these tariffs, if imposed, would cost US consumers an extra $US4000 ($5920) a year.
Loading...
Susan Stone is Credit Union SA Chair of Economics, University of South Australia
