|
Donald Trump has defied investors’ hopes that his tariff threats were all bluster and just a short-lived negotiating tactic. The US is pushing ahead with its trade war with China, imposing a 104 per cent tariff on all Chinese goods entering America. Given China is our largest trading partner and so many other countries have been hit too, what does it mean for our hip pocket? Today, economist Susan Stone explains what the economic chaos means for the dollar, shares, superannuation and interest rates. Featured: Dr Susan Stone, Credit Union SA Chair of Economics at the University of South Australia |