RBA's Hauser: Direct influence of any US tariffs on Australia more likely to be restricted
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- International commerce warfare would hit general exercise
- However a lot depends upon how China would react
- Our versatile trade price and impartial financial coverage are highly effective shock absorbers
- Affect on Australian inflation is ambiguous, may transfer in both course
- Will reply in both course, with drive if wanted, to fulfill mandate
This simply largely echoes the remarks from Bullock yesterday. Australia can be largely not directly affected by Trump tariffs, on account of their shut ties with China. So, it is largely a case of how US-China commerce relations can be affected and the spillover influence can be that on Australia.
This text was written by Justin Low at www.ubaidahsan.com.
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