Australia will be shielded from the worst of the impacts of Donald Trump's latest tariffs, according to new Treasury data, although there is still significant uncertainty about the toll they will take on the economy.
The modelling released today by the federal Treasury shows the tariffs will deliver a "modest" 0.2 per cent hit to GDP by the end of next year, and just 0.1 per cent by 2030.
Inflation, meanwhile, is expected to be 0.2 percentage points higher this year this year due to the new taxes imposed on imports into the US.
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