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Trump’s tariffs on China could significantly harm Australia

US President Donald Trump has announced $750 billion worth of tariffs on Chinese goods, causing the Australian dollar and stock market to fall.

President Trump announced the tariffs as trade talks between the two countries continue to drag on.

Ex-Ambassador to China Dr Geoff Raby tells Ross Greenwood Australia will certainly be impacted if the tariffs are applied.

“Any major disruption to trade flows as a result of this new round of tariff increases would greatly destabilise the global economy, and you see markets responding accordingly today.

“Anything that harms China’s economic growth will harm Australia.”

Click PLAY below to hear the full interview

 

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