Australia says global chaos a result of U.S.’s ‘bad decisions’

Quick Summary:

Treasurer Jim Chalmers sought to assure voters that the local economy is well placed to weather any global headwinds.

Still, Treasury warned the effects would be distributed unevenly, with trade-exposed industries such as agriculture, energy and mining the worst affected.

Concerns are rising that Trump’s attempts to reshape global trade in Washington’s favor are increasing the risk of a recession.

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Article Details

Author / Journalist: Ben Westcott, Bloomberg

Category: EconomyBusiness

Markets: United StatesAustralia

Topics: Bloomberg Donald Trump Editor's Picks Tariffs and trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 08:27:51 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 6 lines

Sentence Length: 82 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27646445

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 70 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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