Donald Trump's trade war with China will make Australia wealthier and boost exports, a global finance giant says.
The U.S. president-elect promised during last year's election campaign to slap 45 per cent tariffs on imported Chinese goods in a bid to save American jobs.
One of the world's biggest financial services firm, HSBC, says the incoming Trump Administration's trade war with Australia's biggest trading partner will in fact encourage China to buy more Australian coal and iron ore to make steel.
'We think the likely policy response from China would be more infrastructure spending ... which is good for Australia,' HSBC’s chief economist in Australia Paul Bloxham told The Daily Telegraph.
Mr Trump campaigned to revive American manufacturing and stop jobs going to Mexico and China, helping him to win the rust belt states of Michigan, Pensylvania and Wisconsin.
NoNoNoNoNo, Nowhere, Australia, 3 days ago
Now its time to Make Australia Great Again
Paulwbafc, Brisbane australia, United Kingdom, 3 days ago
If America imports less from China. Then Chinas going to have a slowdown. The reverse is likely to happen.
Proudly Right Wing, London, United Kingdom, 3 days ago
Mr Trump will herald in a new age of peace and prosperity all around the world
peter1008, sydney, 3 days ago
Of course it will benefit Australia , If can also get rid of this Pathetic PC culture we have at the moment then it will make Australia Great again !
Mangler, Melbourne, Australia, 3 days ago
Make Australia Great Again
Glypho, Melbourne, Australia, 2 days ago
MAKE AUSTRALIA, AUSTRALIAN AGAIN. No ifs, no buts?????
Phyly, Sydney, Australia, 3 days ago
How about he spend that infrastructure money on building that wall first....and get the Mexicans to pay for it? Yeah, right....that's not going to happen... Trump is a total loser.
Soulquarian, Sydney, Australia, 3 days ago
It's okay baby don't cry mommy is here.
loopyfruits, Melbourne, Australia, 3 days ago
Burning more coal. What could possibly go wrong....?
Zee Chen, Bay Area Ca, United States, 3 days ago
Many people are going to benefit from his time in office.
shemp, melbourne, Australia, 3 days ago
Especially....HIM and HIS family....
mark61, adelaide, 3 days ago
Obamas aim was to weaken and run down the US. Already manufacturers like Ford and Carrier are returning to the US after being encouraged to leave by Obama.