Richard Arnold: US Correspondent on the economic chaos as a result of Trump's continuing trade war
The Mike Hosking Breakfast - En podkast av Newstalk ZB - Onsdager
The US economy is in chaos as Donald Trump continues to push ahead with his tariff plan. The US President's confirmed Australia won't be exempt from new 25% tariffs on steel and aluminium imports, and has announced 50% tariffs on Canadian steel and aluminium imports. This is in response to Ontario's now-suspended 25% surcharge on electricity exports. US Correspondent Richard Arnold told Mike Hosking that investment giant Goldman Sachs says there is now a 1-in-5 chance of a recession in the US. Arnold says that while the average American is yet to feel this in full, they certainly will. LISTEN ABOVE See omnystudio.com/listener for privacy information.
