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: