In a surprising twist amid ongoing trade tensions, experts suggest that Donald Trump’s tariff war with China could lead to lower prices for Australians on Chinese-made goods. With tariffs affecting American imports, Australian consumers might benefit as costs adjust.
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Despite the recent decline in the Australian dollar and stock market, experts warn that the United States stands to lose the most from Trump’s escalating tariff war. Analysts emphasize that unintended consequences may hit American consumers and producers hardest.
The OECD warns that the Bank of Canada may have to raise interest rates by up to 1.25% in the event of a full-blown tariff war. This increase aims to combat inflationary pressures stemming from heightened trade tensions, impacting economic stability.