Trump's Tariffs: The Devastating Impact on Australia's Economy
The Australian economy is bracing for a significant hit after US President Donald Trump imposed 25% tariffs on steel and aluminium exports. Prime Minister Anthony Albanese has slammed the move as 'economic self-harm', warning of far-reaching consequences for trade and industry. As the trade tensions escalate, Australia's economic growth is expected to slow, with potential job losses and increased costs for businesses. The tariffs are likely to affect key sectors, including manufacturing and construction, with experts warning of a ripple effect on the entire economy. With the future of global trade uncertain, Australia must navigate the challenges of protectionism and tariffs, including the impact on international trade agreements and economic stability.