Trump election win would be 'calamitous' for Australian trade: experts

Commodity-reliant economy at risk from tariffs, retaliation and 'global trade war'

20241031 Australia Trump and Harris

As Donald Trump and Kamala Harris vie to become the next U.S. president, commodity powerhouse Australia is bracing for the potential impact on global trade. (Nikkei montage/Reuters)

SHAUN TURTON, Nikkei staff writer

SYDNEY -- With the U.S. presidential election just days away, Australian officials and industry are bracing for the potential economic impact if Republican candidate Donald Trump returns to the White House.

Trump, who polls show is in a tight race against Democratic candidate Kamala Harris, has pledged to raise tariffs on Chinese goods to 60% and to hit other partners with tariffs of 10% to 20%, moves that analysts say would hurt Australia's key commodity exports.

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