Reported at www.abc.net.au: Donald Trump’s second administration has initiated a trade war, imposing 25% tariffs on steel and aluminum imports, with Australia seeking an exemption.

Economists believe this tariff war could increase recession risks for Australia, although the direct impact on its economy may be limited since steel and aluminum comprise less than 1% of Australian exports.

The ongoing uncertainty around Trump’s trade policies raises concerns about broader economic implications for Australia and its key trading partners.