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Business

Kat Wong and Dominic Giannini

Tariffs spell death knell for businesses on the brink

United States Australia Donald Trump Economy Jim Chalmers CreditorWatch

US tariffs could be the straw that breaks the camel's back for businesses at risk of closure. (James Gourley/AAP PHOTOS)

US tariffs threaten Australia's economic revival with fears a coming trade war could elevate the nation's rate of business closures.

Australia's economy is expected to grow at 2.2 per cent over 2025, Westpac and the Melbourne Institute find in their leading index of economic activity.

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