Can Australia dodge the trade war bullet?

The world is becoming a less friendly place for small and medium-sized, free-trading economies such as Australia. Rapid and significant shifts in US trade policies, and retaliatory measures from other nations, are causing significant changes and considerable uncertainty in global trade.

As a trading nation, Australia is clearly at risk of being affected, perhaps heavily. Exports plus imports account for about half of Australia’s GDP, and much of the country’s economic success in recent decades has been driven by a 750 per cent rise in the value of its resource exports.

Loading…