From iron ore to beef prices, a global trade war triggered by the US would cause significant disruption for consumers and businesses
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As a trade-reliant nation, Australia is susceptible to the US’s new tariff regime, despite not being a direct target of Donald Trump’s import taxes – yet.
China has been hit with 10% tariffs on all of its US exports. It responded with levies on selected US imports, along with export controls on strategic minerals used in advanced technologies, including space and weapons systems.
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