Australia has a slew of monikers: Down Under, the Lucky Country, the land of the Southern Cross, Oz...and now, the national equivalent of a hedge fund?
This last one is new. But it may catch on as the Australian economy's biggest leveraged bet -- China -- gets wobbly. Donald Trump's escalating trade war is throwing China off balance. Data on everything from retail sales to fixed-asset investment to public works spending suggest the U.S. president's tariffs are hammering Canberra's indispensable trading partner.
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