<p>With Donald Trump back in the White House early next year, there’s a real possibility he’ll ignite a trade war with Beijing. </p><p>Given Australia does so much trade with China, that could have big consequences for our economy.</p><p>Today, we explore what could be in store for inflation, interest rates and our wider economy once Trump’s back in charge. </p><p>Economist Susan Stone explains that tariffs generally end up costing consumers and businesses more, and could lead to significant job losses. </p><p>She highlights that Australia’s high-tech exports to the U.S. might be impacted, and stresses the importance of finding new markets for these goods. </p><p>Dr. Stone also discusses the potential ripple effects on Australia’s economy if Trump’s policies slow down China, Japan, and Korea, our top trading partners. </p><p>She says retaliatory tariffs from other countries could further disrupt global trade.</p><p>Featured: </p><p>Dr Susan Stone, Credit Union SA Chair of Economics at the University of South Australia</p><p>Key Topics:</p><ul><li>Donald Trump trade policies</li><li>U.S.-China trade war</li><li>Australian economy</li><li>Inflation and interest rates</li><li>Tariffs </li><li>High-tech exports</li><li>Trade with China, Japan, and Korea</li></ul>