RBA: Australia Won’t Face Canada-Level Fallout From US Tariffs

The RBA says domestic growth will be impacted, but inflation is still uncertain.

(Left) U.S. President Donald Trump in the Oval Office at the White House on Feb. 28, 2025. (Right) Canadian Prime Minister Justin Trudeau speaks during a news conference on Parliament Hill in Ottawa, Canada, on March 4, 2025. Andrew Harnik/Getty Images, Dave Chan/AFP via Getty Images

Australia is expected to face limited fallout from the U.S. tariff war compared to Canada, according to the Reserve Bank of Australia (RBA).

RBA Assistant Governor Sarah Hunter told a recent parliamentary inquiry that while the trade war is expected to slow global growth, Australia is far less exposed than its northern counterpart.