Reported 14 days ago
Australia's Treasurer Jim Chalmers has indicated that the country may experience short-term economic difficulties, including reduced output and increased inflation, due to the incoming policies of U.S. President Donald Trump. He highlighted that while there would be some adverse effects, Australia's economic structure may help mitigate these compared to other nations. The Australian government is proactively engaging with Trump’s team to prepare for potential trade tensions, especially as federal elections approach.
Source: YAHOO