Exclusive: A panel of Australia's top economists has warned the nation will face escalating global trade tensions and volatility whether US President Donald Trump or Joe Biden wins the November election | JennieDuke swrighteconomy
Independent economist Saul Eslake was scathing about the effects on global stability of a second Trump term. He described the US President's handling of the world's biggest economy as "an unmitigated disaster" that had increased the US budget deficit, driven up prices, emboldened dictators and undermined the confidence of allies.
"We should understand that we need to preserve a relationship with our biggest trading partner, China," Ms McKenzie said. "Accordingly we need to distance ourselves from the US position, Biden may soften this and be less protectionist generally."
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