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The Guardian - AU
The Guardian - AU
Business
Patrick Commins and Jonathan Barrett

Trump’s tariffs could deliver a $27bn blow to Australia – and the cost of a global trade war would be far higher

United States Australia Donald Trump Brendan Rynne Economy Dennis Voznesenski Jim Chalmers Scott Bessent Shane Oliver China
US president Donald Trump
Donald Trump holds a signed executive order on tariffs. The Albanese government has promised updated Treasury modelling of how bad the tariffs will be for Australia. Photograph: Leah Millis/Reuters

Liberation days signal the end of a war, not the start of one.

So it is with rich irony that the US president, Donald Trump, has declared victory even as he massively escalates his attack on the global trading system.

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