LATEST NEWS

Trade minister warns tariffs, which Coalition last year claimed to have secured an exemption from, could lead to recession

The Turnbull government admits it has no idea if Australia will be exempt from US president Donald Trump’s tariffs on steel and aluminium imports, despite claiming last year that it would escape the levies.

Ministers have warned that the tariffs could spark a trade war and lead to global recession, and say Australian officials are scrambling to learn the details of the plan.

Continue reading...

from US news | The Guardian http://ift.tt/2FKadLD