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AAP
AAP
Business
Jacob Shteyman

Interest rate cut tipped despite Trump tariff backdown

Borrowers will be smiling if the Reserve Bank of Australia cuts interest rates on Tuesday. (Bianca De Marchi/AAP PHOTOS)

A clear majority of economists believe the Reserve Bank of Australia will cut interest rates at its next meeting, but developments abroad mean it's no longer a sure thing.

US President Donald Trump recently slashed tariffs on China to 35 per cent from a whopping 145 per cent, prompting Beijing to lower its own tariff wall and triggering a rebound in values for riskier assets such as shares.

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