Trump Tariffs on China Would Hurt Australia, RBA Officials Say
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Large US tariffs on China may have an “adverse effect” on Australia, though the Aussie dollar has so far shown limited reaction on a trade-weighted basis to Donald Trump’s election victory, a senior Reserve Bank official said Thursday.
“In terms of tariffs we just don’t know how big and who it’ll be applied to,” RBA Assistant Governor Christopher Kent told a parliamentary panel in Canberra. “The big concern is large tariffs on China, which may have an adverse effect on us.”