A geopolitics expert has shed light on why Donald Trump is unlikely to enforce tariffs on Australia after the United States President-elect vowed to implement taxes on goods from Canada, Mexico and China.
A geopolitics expert has revealed why Donald Trump is unlikely to impose tariffs on Australia, after he vowed to tax goods from Mexico, Canada and China.
Speaking on the upcoming Trump presidency, KPMG’s Geopolitics Partner Merriden Varrall said Australia was unlikely to be subjected to tariffs during an appearance on Sky News’ Business Now.Australia was exempt from Trump's tariffs on steel and aluminium during his first administration.
However, the US had a trade surplus of US$27.1bn with Australia in 2022 – one of the largest surpluses it had with any country.
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