Australia ‘not immune from trade tensions’, Chalmers says ahead of incoming Trump presidency

Treasurer says he spoke about tariffs to a ‘key member’ of Trump’s economic team before the US election

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Australia’s economy will not be immune from escalating trade tensions, Jim Chalmers has warned, as the Albanese government prepares itself for an incoming Donald Trump administration.

In a speech to be delivered on Monday , the treasurer will outline the risks of an “uncertain world characterised by economic vulnerability and volatility” but will say the Australian government is “well-placed and well-prepared”.

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