November 11, 2024

US-China trade war bad for green exports, says Chalmers

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A US-China economic split under Donald Trump would undermine Labor’s plan to ramp up the export of green metals and hydrogen due to interruptions in global trade, according to Treasurer Jim Chalmers.

Australia was more exposed to a global trade war than other countries because trade was worth about 50 per cent of Australia’s economy, compared with trade in goods and services accounting for about 25 per cent of the US economy, he added.

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