Treasurer Jim Chalmers calls Australia’s best economic officials among Trump tariffs.
- Jim Chalmers is calling an emergency crisis negotiations about Trump
Treasurer Jim Chalmers called an emergency crisis meeting to deal with Donald Trump’s Australian dollar fall by Australia’s best economic officials.
The unprecedented meeting during an election campaign took place after the Trump administration threatened to apply 104 percent tariff to China, the largest trading partner of Australia.
Financial markets are currently waiting for 100 basic reserve bank interest rate deductions by the end of 2025.
“We are working closely with organizers and financial institutions to ensure that everything that is possible to protect Australians from this global volatility, Chal Chalmers said.
Australian Reserve Bank Governor Michele Bullock and Treasury Secretary Steven Kennedy are called.
Joe Longo, President of the Australian Banking Organizer John Lrsdale, President of Australian Securities and Investments Commission. Gina Cass-Gottlieb, Chief of Australian Competition and Consumer Commission.
Fears about a global recession hit the Australian dollar for the first time since March 2020 at the beginning of Covid on Wednesday.
The futures market seems to be a chance of 82 percent of the reserve bank interest rate of 50 basis points of super -size on May 20.
In addition, RBA sees cutting rates from 4.1 percent to 3.1 percent at the end of 2025.
In addition to alleviating February, interruptions of 100 basis points would see that the cash rate has fallen to the lowest level since February 2023.
Treasurer Jim Chalmers called the emergency crisis meeting of Australia’s best economic officials to deal with Donald Trump’s tariffs
The unprecedented meeting took place after the Trump administration threatened to apply 104 percent tariffs to China, the largest trading partner in Australia (in the picture, US President Donald Trump, coal miners in the White House)
