The second Trump presidency’s promise to slap tariffs as high as 60 percent on Chinese-made goods, and 10 to 20 percent on all other imported goods, has spurred discussion on the ramifications for Australia, which relies heavily on the China market.
Yet two analysts believe the situation may not be as dire as predicted by some media outlets.
Reserve Bank of Australia Governor Michelle Bullock told a Senate Estimates hearing this week that if China were badly affected, Australia would be too, but she repeatedly cautioned that it was still early days.
The Bank had done modelling and analysis on the effect of a Trump presidency on Australia’s inflation and cash rate….