‘Indirect effect’ of Trump tariffs on Australia could be ‘substantial’

Economist Judith Sloan chimes in on the “complicated story” around US President-elect Donald Trump’s proposed tariff plan. During a speech at the Australian Business Economist annual dinner, RBA deputy governor Andrew Hauser argued the direct impact on slated US tariffs on Australia are likely to be minimal, although the indirect impacts could be more significant. “The effect of any big tariff changes would be via China; so China is our largest trading partner by a very long way,” Ms Sloan told Sky News host Sharri Markson. “That is a sort of indirect effect but could very substantial.”