Economist Warwick McKibbin says ‘economic and policy flexibility’ puts Australia in better position to escape fallout from Trump tariffs
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A global trade war will not drive Australia’s economy into recession, new Treasury modelling suggests, even as Jim Chalmers says he is realistic about “substantial” risks to growth from Donald Trump’s sweeping new tariffs.
The treasurer sought to soothe Australians rattled by Monday’s dramatic share market plunge – the worst in five years – saying the country was “better placed and better prepared” than others to weather the coming storm.
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