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Could Trump's Tariff Policies Indirectly Hurt Australia's Export Economy?

9 0
06.02.2025

Australia might not face direct tariffs from the U.S., but experts warn that the ripple effects of President Donald Trump's policies, along with the rising threat of trade protectionism, could still impact the country's economy, especially its exports.

As a nation that exports more than a quarter of its gross national product, Australia's key markets may experience shifts that could reduce the demand for some of the top commodities.

Australia's major exports include iron, coal, and natural gas, apart from beef, lamb, wheat, canola, and cotton, to lucrative global markets, ABC News reported.

In 2023, Australia set a new record for grain exports, reaching AU$16 billion.

However, these markets may be challenged as........

© International Business Times