Australia is expected to remain resilient to global trade fractures, according to economists at Citigroup Inc., even as US President Donald Trump unleashes tariffs on Canada, Mexico and China. Australia’s deep political ties with Washington and its direct exports to the US only accounting for 3% of total shipments in 2023 are among reasons Trump 2.0 will not be a “calamity,” Citi’s Australian economists Josh Williamson and Faraz Syed said in a research note on Monday
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