Commonwealth Bank CEO Says Australia Resilient to Trade War Risk

The chief of Australia’s biggest bank said the country is well placed to weather the risks of a trade war, even after Donald Trump’s whipsaw tariff announcements recently spurred a steep selloff in global equity markets.

Australia’s overall trade balance with partners beyond the US as well as its regional security make it resilient to increasing geopolitical uncertainty, Commonwealth Bank of Australia Chief Executive Officer Matt Comyn said on Tuesday at the Australian Financial Review Banking Summit in Sydney.