Reserve Bank of Australia assistant Gov Hunter:Higher US tariffs will put a drag on the global economyAssuming weaker global growth environment will moderately dampen prices for tradable goodsHigher uncertainty can lead to declines in investment, output and employmentHigher global uncertainty has a large negative effect on Australian business investmentAustralia’s exporters are relatively well-placed to weather the stormAssuming Chinese authorities will support their economy through fiscal stimulusThat China assumption, I guess ... but the experience so far has been the support measures have only been piecemal. There could be more coming:China expected to announce 'major financial polices' on June 18 and 19, 2025 This article was written by Eamonn Sheridan at www.forexlive.com.