Australia’s Treasurer Jim Chalmers has cautioned that the new US administration’s policies will have a “seismic” impact on the global economy, as he prepares to deliver his fourth national budget on Tuesday. The upcoming budget will include new cost-of-living relief measures for Australians, with a notable extension of electricity bill subsidies for an additional six months. This extension is expected to cost A$1.8 billion ($1.1 billion) and will affect the overall budget figures
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