‘Extreme’ Trump trade war would hit shares, growth and rates: RBA

Internal analysis by the Reserve Bank of Australia has warned an “extreme” trade war between the United States and China would drive down the local sharemarket, push the dollar lower and potentially force the central bank to cut interest rates to prop up the economy,

The research, released to The Australian Financial Review under freedom of information laws, represents the most in-depth insight into the RBA’s view of the economic implications of last month’s US presidential election.

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