RBA’s Hunter: Higher US tariffs will put a drag on the global economy

Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter warned on Tuesday, “higher US tariffs will put a drag on the global economy.”

Additional quotes

Assuming weaker global growth environment will moderately dampen prices for tradable goods.

Higher uncertainty can lead to declines in investment, output and employment.

Higher global uncertainty has a large negative effect on Australian business investment.

Australia’s exporters are relatively well-placed to weather the storm.

Assuming Chinese authorities will support their economy through fiscal stimulus.