The IMF rings the alarm bell as Trump's trade policies threaten to drain Australia's coffers by $13 billion annually. Time to check the couch cushions for spare change.
Donald Trump’s latest foreign policy plan (read: global temper tantrum) has the IMF clutching pearls and calculators. According to the newly released report, Trump’s proposed tariff war—should he reclaim the presidency—could carve a neat $13 billion hole in Australia’s GDP every year. That’s roughly the cost of building five more stadiums no one asked for.
Canberra, meanwhile, is still trying to figure out whether to send a strongly worded letter or just start hoarding Vegemite. The fallout would primarily hit exporters, especially in mining and agriculture—because nothing says “Make America Great Again” like punishing your allies. And in a plot twist no one saw coming, the report warns Australia might need to pick sides.
Spoiler: either way, we pay. Sources: AFR (23 Apr 2025), The Australian (23 Apr 2025), IMF Official Report (23 Apr 2025)
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