Australia Treasurer calls emergency meeting on Trump tariffs

FILE PHOTO: Wagons filled with iron ore enter Rio Tinto's railyard near Karratha, 1,250 kilometres (777 miles) northeast of Perth, Australia October 20, 2023. Treasury warned the effects of the tariffs would be distributed unevenly, with trade-exposed industries such as mining the worst affected. - Reuters

CANBERRA: Treasurer Jim Chalmers will meet with Australia’s top economic figures in the face of growing global uncertainty sparked by US President Donald Trump’s reciprocal tariffs regime. This follows similar meetings late Tuesday (April 8) with the heads of Australia’s big banks and super funds.

Chalmers will meet with Reserve Bank Governor Michele Bullock, Treasury Secretary Steven Kennedy and the heads of major regulators on Wednesday, including Australian Securities and Investments Commission Chair Joe Longo and Australian Prudential Regulation Authority chair John Lonsdale, according to a government spokesman.