Tariffs and Trade Wars

Donald Trump says no nation will be exempt, although there’s a prospect of Australia winning a rare reprieve from hefty tariffs being imposed on all steel and aluminium imports to the United States. 

Australia’s Prime Minister Anthony Albanese has been on a phone call with the US president, urging him to exempt Australia from the 25 per cent import tax. 

The key argument is that Australia imports a lot more from the US than it sells there. 

Today, economist Susan Stone on the latest front in the trade wars and what it means for us. 

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Dr Susan Stone, Credit Union SA Chair of Economics at the University of South Australia