ABC News Daily How much will Trump’s trade war cost you?
Apr 9, 2025
Join economist Dr. Susan Stone, Chair of Economics at the University of South Australia, as she dives into the impacts of Trump's 104% tariffs on Chinese goods. She unpacks how these trade policies are shaking the global markets, particularly affecting Australian shares and consumer prices. The conversation highlights the potential strains on the Australian dollar and superannuation funds while also considering the historical context of trade wars. With a focus on recovery, Susan offers insights into navigating these turbulent economic waters.
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Stock Market Volatility
- Investors are selling stocks due to Donald Trump's tariffs increasing business costs.
- This has caused companies to re-evaluate profitability, leading investors to sell overvalued stocks.
Australian Dollar Decline
- The Australian dollar is tied to the Chinese economy and is dropping due to the tariffs.
- The tariffs impact China's ability to purchase Australian goods, decreasing demand for the dollar.
Impact on Super Funds
- Australian super funds are impacted by global market declines due to tariffs.
- Tech companies like Apple, with production in China, are particularly affected, impacting super fund investments.