What the US election means for Australia [update]
The US election is happening right now, with the outcome to have potentially significant implications for Australia.
Topic
Trade
A collection of 8 issues
What the US election means for Australia
As the US election approaches, the risks of renewed inflation and unpredictable fiscal policies could complicate the global economic landscape, with significant implications for Australia.
Should we be worried about the US?
While the US economy is hitting all the right notes—low unemployment, stable inflation, and strong wage growth—massive deficits and reckless policy proposals could tip the scales.
There is no next China
Australia's economic outlook hinges on shifting global supply chains and iron ore demand, as China's manufacturing dominance faces challenges from emerging competitors and geopolitical tensions.
Russia's Black Death
Russia's booming consumer spending will eventually crash back down to earth, following a historical pattern seen in times of war and disaster, including the 14th century's Black Death.
What's up with Canada?
Despite its proximity to the US and abundant natural resources, Canada's economy is hampered by inter-provincial trade barriers, powerful domestic cartels, and declining productivity, leaving it vulnerable to global trade tensions.
The dangers of neopopulism
Whether it's being sold under the banner of a "New Paradigm", "new centrism", "neopopulism", or a "Future Made in Australia", industrial policy will lead to less growth, insipid labour productivity, and a much poorer and more vulnerable Australia.
The return of the Tariff Man
Biden's new China tariffs are driven by politics, not economics or national security. But protectionism tends to beget more protectionism, risking trade wars that could cause significant damage to the global economy.