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Bloomberg has forced the RBA to cough up its thoughts on the trade war via FOI:
Scenario details
Australia is exempt from the aluminium and steel tariffs in scenario 1. In scenarios 2 and 3 we assume that the United States applies a 20 per cent tariff on Australian exports. However, we assume that Australia does not retaliate with tariffs on US imports. We take the results from the Oxford Economic Model and feed them into MARTIN. For all three scenarios we:
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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