Trump’s tariffs won’t wreck Australia’s economy. But America’s could be cooked.

Americans are going to bear the brunt of Trump’s ‘Liberation Day’ tariffs.
On this episode of Dollars & Sense, Greg and Hayden discuss Trump’s tariffs, the Reserve Bank’s magic 8-ball monetary policy, and why minimum wage increases don’t drive up inflation.
This discussion was recorded on Thursday 3 April 2025 and things may have changed since recording.
Order What’s the Big Idea? 32 Big Ideas for a Better Australia now, via the Australia Institute website.
Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @grogsgamut
Host: Hayden Starr, Digital Media Manager, the Australia Institute // @haydenstarr
Show notes:
Australia Institute Live from Amy Remeikis
‘You never know what you’re gonna get: Australians will have to wait until after the election to see if there’s an interest rate cut’ by Greg Jericho, Guardian Australia (March 2025)
‘Trump Set to Push Ahead With Tariffs—as His Polling and Stock Market Tumble’ by Brian Bennett, TIME (April 2025)
Theme music: Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Trumpocalypse Now | Between the Lines
The Wrap with Amy Remeikis If seeing the new world order sitting in the front row of Donald Trump’s inauguration didn’t send a chill down your spine then there may not be a lot of point reading beyond this line. Much has been said about the oligarchy threatening America’s democracy. But this is not an
It shouldn’t be this difficult to condemn plans to commit a crime against humanity
Australians, by and large, have seen America as an ally critical to our national security. But in just a few short weeks, Donald Trump has shown his administration is a threat to Australia and the world’s security. Australia may not be able to stop Trump from creating chaos, but we will undermine our own security if we don’t stand up for ourselves and for our values.
The US election will change the world. Will we let it change Australia?
How has it come to this? The United States presidential election is a fight between a prosecutor and a convicted felon and the felon might win.