Trump’s trade war hits home

Original article by Jacob Greber, John Kehoe
The Australian Financial Review – Page: 1 & 10 : 5-Mar-18

Deloitte Access Economics has forecast that President Donald Trump’s tariffs on foreign steel and aluminium could lead to a US-China trade war that could reduce Australia’s national income by $A5 billion within a year. Australian silicon exporter Simcoa is facing a tariff of 51 per cent, while Trade Minister Steve Ciobo says Australia may take action against the US over its proposed tariffs. He says it will depend on whether Trump decides to make exemptions for Australia, while Prime Minister Malcolm Turnbull describes protectionism as a "dead end".

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, SIMCOA INTERNATIONAL PTY LTD, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BLUESCOPE STEEL LIMITED – ASX BSL, WORLD TRADE ORGANIZATION, GLOBE SPECIALTY METALS, RIO TINTO LIMITED – ASX RIO

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