Washington | Canberra | Australia is likely to be exempt from Donald Trump’s looming tariff war that is already targeting China, Mexico and Canada because of the country’s trade surplus with America, a former top US trade official says.
The president-elect fired the first salvo in his trade war this week, vowing to impose big tariffs on America’s three largest trading partners, a move that roiled global currency and bond and equity markets.
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Matthew Cranston was The Australian Financial Review’s United States correspondent.
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
