Cost-of-living warning no one wants to hear as Trump’s tariffs wreak havoc on the Aussie dollar

Cost-of-living warning no one wants to hear as Trump’s tariffs wreak havoc on the Aussie dollar

Reserve Bank issues inflation warning By STEPHEN JOHNSON, ECONOMICS REPORTER FOR DAILY MAIL AUSTRALIA Published: 21:56 EDT, 14 April 2025 | Updated: 21:56 EDT, 14 April 2025 The Reserve Bank has warned Donald Trump‘s tariffs could weaken the Australian dollar and push up inflation. Interest rates were left on hold at 4.1 per cent on April 1 but the minutes of that meeting warned borrowers against expecting deep rate cuts in the wake of financia…

MOJO explains: How Trump's tariffs could impact Australia

Be they imposed on an island of penguins, visualised in a 'liberation day' chart or already impacting on a crumbling United States stock market, Donald Trump tariffs are on everybody’s lips. But the US President’s raft of tariffs could have a significant impact on the world economy, including Australia. Trump has threatened to place tariffs on at least 10 per cent of foreign imports into the US, including those from Australia. Trump put a pause …

Indirect tariff impact could cost billions to Australia's economy

Early modelling by Australian tech start-up Fair Supply has found that the combined direct and indirect costs of new and reciprocal tariffs could cost the Australian economy more than $15 billion. Furthermore, Fair Supply has calculated that the worst-affected sectors would be healthcare ($1.6 billion), construction ($1.2 billion), and defence and security services ($ 960 million). The start-up determined these figures through a tariff calculato…