Here are five areas to watch in the Australian economy under Donald Trump 2.0

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Here are five areas to watch in the Australian economy under Donald Trump 2.0

^{Published on 2025-01-18 17:40:41 - thenightly}

Clearly Trump wants to hit the ground running, and from an economic perspective his key policy platforms are tariffs, taxes and liberalisation.

The article from The Nightly discusses the potential impacts of Donald Trump's presidency on the Australian economy, focusing on five key areas. Firstly, trade relations could be strained due to Trump's protectionist policies, potentially affecting Australia's trade agreements like the Trans-Pacific Partnership (TPP). Secondly, currency fluctuations might occur as Trump's economic policies could lead to a stronger US dollar, impacting the Australian dollar's value. Thirdly, defense and security ties might strengthen, with increased military cooperation and spending, which could benefit Australia's defense industry. Fourthly, climate change and energy policy could see a shift, with Trump's skepticism towards climate change possibly leading to less stringent environmental regulations, affecting global efforts like the Paris Agreement. Lastly, immigration and tourism might face changes; Trump's policies could influence global travel patterns, potentially impacting Australia's tourism sector. The article suggests that while some sectors might benefit, others could face significant challenges under Trump's administration.

Read the Full thenightly Article at:
[ https://thenightly.com.au/politics/us-politics/here-are-five-areas-to-watch-in-the-australian-economy-under-donald-trump-20-c-17408802 ]

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