Part 6/8:
Shifting to the global stage, the potential for trade tariffs from the United States poses another layer of complexity for the Australian economy. Although Australia is more attuned to the Chinese market, any trade tensions instigated by the US could ripple through to its major trading partner, thus affecting local conditions.
A keen focus must be placed on observing the United States’ trade policy trajectory, coupled with an analysis of how China will respond. The decisions made in these arenas will play a significant role in determining the economic outlook for Australia, especially concerning its metal exports, which rely heavily on Chinese demand.