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

How other countries retaliate matters hugely for how Australia’s economy weathers the storm of ‘liberation day’, experts sayElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastLiberation 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.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

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