Trump tariffs to slow Australia's economy but recession not expected, Treasurer says

Reuters - 07/04
Australia will be able to manage the direct impact of U.S. President Donald Trump's tariffs but economic growth will take a hit as the global economy slows, Treasurer Jim Chalmers said on Monday.
SYDNEY, April 7 (Reuters) - Australia will be able to manage the direct impact of U.S. President Donald Trump's tariffs but economic growth will take a hit as the global economy slows, Treasurer Jim Chalmers said on Monday.
"We expect more manageable impacts on the Australian economy, but we still do expect Australian GDP to take a hit and we expect there to be an impact on prices here as well," he said in a press conference.

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A Treasury analysis showed on Monday the impact from U.S. tariffs and countermeasures from China - Australia's biggest trading partner - would take the level of real gross domestic product this year 0.1% lower compared with the current expectations.
It would also add 0.2 percentage points to inflation.
Chalmers said the government expected U.S. and Chinese growth to take "big hits" as a result of the trade war trig...
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