Australia won’t escape Trump trade chaos

by

Ed.

From www.aumanufacturing.com.au: Australia is likely to face economic repercussions due to the ongoing trade tensions initiated by US President Donald Trump, including potential tariffs on aluminium and copper that could directly impact Australian exports.

As approximately 40% of Australia’s exports go to China, a slowdown in the Chinese economy could significantly reduce demand for Australian goods, particularly iron ore.

Furthermore, supply chain disruptions, rising costs from a weaker Australian dollar, and the complexities of global trade could lead to inflation and higher prices for consumers in Australia.

Filed under: Business Strategy & Tactics, Economy, Export Trade & EMDG

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