Trade tariffs are the new normal – and that’s unlikely to be positive for Australia | Sally Auld

US has announced a 25% tariff on all steel and aluminium imports from 12 March .

Australia is unlikely to suffer a large direct impact from changes in US tariff policy.

Australia 's economic history tells us that our economy generally prospers in an environment of free trade, reflecting our status as a small, open trading economy.

A global trade war based on higher tariffs will be detrimental to Australian economic growth.