In the latest developments concerning international trade, Trump’s trade adviser has asserted that Australia is waging a ‘frontal assault’ on the US aluminium markets. This statement emerges as both nations face a complex trade landscape. The situation seems to be exacerbated by proposed tariffs which could have significant repercussions. As the Federal Reserve Bank prepares itself for the potential impacts of these tariffs, Australian officials are voicing their concerns. Acknowledging these challenges, RBA’s Hauser noted that measures of global trade uncertainty have reached a staggering 50-year high, further complicating the trade discourse. This environment suggests a possible escalation, as economies brace for the ramifications of such tariffs.
