ANU Expert Explainers: How US tariffs impact Australia

Professor Martin Richardson from the Australian National University breaks down the complexities of recent US tariff policies and their global implications. Richardson examines the contradictory justifications for these tariffs, compares current trade tensions to the historic US Smoot-Hawley tariffs of the 1930s, and explains why Australia might actually benefit from this economic disruption. Richardson argues that Australia’s best response is to take no retaliatory action while monitoring how major players like China and the EU respond to these unprecedented trade challenges.