Australian Treasurer says economy can handle second Trump presidency's economic pressures.

Treasurer Jim Chalmers asserts that Australia's economy can withstand potential economic pressures from a second Trump presidency, thanks to a flexible exchange rate and independent central bank. Treasury modeling indicates that while global impacts of US tariffs would be significant, Australia's diplomatic efforts secured tariff exemptions during Trump's first term. Chalmers emphasizes the enduring strength of Australia-US relations.

November 10, 2024
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