World NewsAustralia News

Treasury Predicts Impact of Trump Tariffs on Australian Economy Will Be ‘Modest’

Meanwhile, the Australian Treasury said China’s impact will be ’significant.’
Save
Treasury Predicts Impact of Trump Tariffs on Australian Economy Will Be ‘Modest’
Australian Labor Treasurer Jim Chalmers at Parliament House in Canberra, Australia on March 24, 2025. AAP Image/Lukas Coch
Monica O’Shea
Updated:
0:00

Treasurer Jim Chalmers has released analysis predicting the impact of Trump’s tariffs on the Australian economy to be “modest.”

Chalmers asked the Treasury secretary to update modelling in response to the “Liberation Day” reciprocal tariffs on all goods imported into the United States.
Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]