Original article by John KehoePhillip Coorey
The Australian Financial Review – Page: 1 & 4 : 12-Nov-24

Treasurer Jim Chalmers has used a speech at the Australian Institute of International Affairs conference to warn that the nation would be particularly vulnerable in the event of a trade war between the US and China. He noted that trade in goods and services accounts for about 50 per cent of the Australian economy, compared with just 25 of the US economy. Chalmers added that Australia’s aim of becoming a major exporter of ‘green’ metals and hydrogen in particular would be jeopardised by a trade war. US president-elect Donald Trump has flagged a tariff of 60 per cent on Chinese imports, and a tariff of 10-20 per cent on all other countries.

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AUSTRALIA. DEPT OF THE TREASURYAUSTRALIAN INSTITUTE OF INTERNATIONAL AFFAIRS