A US federal court's Trump tariff slapdown has been hailed as a "big win for the world" and a development that "really matters" for Australia.
While American consumers are the ones likely to be breathing the loudest sighs of relief, the decision promises global impacts, just as the tariffs themselves provoked.
The ruling blocking US President Donald Trump's country-based tariffs applied to most of the world stands to benefit Australia's economy in three key ways, according to US-based Australian economist Professor Justin Wolfers.
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