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Showing 1 - 10 of 178 results for "trade deficit"

Controversial US policy to benefit Australia

ELIZA BAVIN  |  WEDNESDAY, 8 OCT 2025
... Additionally, the US currently imposes a 10% tariff on Australia, which is the lowest of all countries, and Australia has a trade deficit with the US. "So far there has been no discernible impact on Australian economic growth from the tariffs. Australian ...

Trump tariffs to hit Australia

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
... be underway to try and exempt Australia, as was the case in 2018. At that time, the argument was that we have a trade deficit with the US," he said. "But it's not complete protection because the tariffs are also partly motivated to raise revenue and ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
... Certainly, it would put downward pressure on the US dollar and, coupled with his increased tariffs, would reduce the US trade deficit. Lower US interest rates and a cheaper currency will make America great again! Just think of all the business and consumer ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... spending (up by 1.9% in the fourth quarter), it also had a negative impact on the UK's external trade account - the trade deficit more than doubled to £7.097 billion last year from £3.225 billion in Q4 2017. "The greater effects from Brexit uncertainties ...

Former ambassador assesses US-China trade deal

KANIKA SOOD  |  THURSDAY, 7 FEB 2019
A trade deal between US and China could end the uncertainty but it won't do anything to help the trade deficit, according to Capital Group vice chairman Michael Thawley. The former Australian ambassador to the US spoke at the Financial Standard ...

Chief economist update: Japan's sun shines

BENJAMIN ONG  |  TUESDAY, 11 SEP 2018
... time when US president Donald Trump is threatening to train his sights on Tokyo's trade with the US. The US trade deficit with Japan widened 2.9% to US$5.5 billion in July, notwithstanding the yen's 1.4% appreciation vis-a-vis the greenback this ...

Chief economist update: Trump's beggar thy neighbour policy

BENJAMIN ONG  |  MONDAY, 10 SEP 2018
... and businesses would be buying more especially with the strength of the US dollar making imports cheaper. The US trade deficit jumped to US$50.1 billion in July from US$45.7 in June. This is the widest deficit in five months as total exports fell 1% ...

Chief economist update: Blame the US economy for the widening trade gap

BENJAMIN ONG  |  WEDNESDAY, 29 AUG 2018
... domestic demand would further lift America's demand for imports. Unless this is matched by growth in exports, the trade deficit would continue to widen prompting Trump to go more aggressive on his protectionism or simply give this notion that "trade ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
... would also make US exports become more expensive in the world market which, by extension, would increase the US trade deficit and subtract from growth. Trump could either ramp up his war on trade or eventually succumb to economic dynamics. Economics ...

Chief economist update: Draining the swamp

BENJAMIN ONG  |  TUESDAY, 3 JUL 2018
... the downward pull of trade tensions emanating from the US. The higher US dollar goes, the more pressure on the US trade deficit, the more Trump tries to drain that swamp. Ben Ong is the Director of Economics and Investments at Rainmaker Group. He previously ...
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