Richard Arnold: US Correspondent on the economic chaos as a result of Trump's continuing trade war
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
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.
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