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Trump trade war to hit nation's growth, rates and dollar: RBA

An 'extreme' trade war between the US and China would slow Australia’s economic growth and domestic inflation, driving down interest rates and the value of the Australian dollar, according to a warning from the bank's international department.

The RBA warned in a meeting that Donald Trump’s promised 60 per cent tariff hike on Chinese imports 'will have relatively strong negative implications for Australia'. Picture: AFP
The RBA warned in a meeting that Donald Trump’s promised 60 per cent tariff hike on Chinese imports 'will have relatively strong negative implications for Australia'. Picture: AFP

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Original URL: https://www.theaustralian.com.au/nation/swan-ducks-questions-on-cbus-super-scandal/live-coverage/f44642eed7f3666ca653b28cc4cdd8b1