• Richard Arnold: US Correspondent on the economic chaos as a result of Trump's continuing trade war

  • Mar 11 2025
  • Length: 3 mins
  • Podcast

Richard Arnold: US Correspondent on the economic chaos as a result of Trump's continuing trade war

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  • Summary

  • The US economy is in chaos as Donald Trump continues to push ahead with his tariff plan.

    The US President's confirmed Australia won't be exempt from new 25% tariffs on steel and aluminium imports, and has announced 50% tariffs on Canadian steel and aluminium imports.

    This is in response to Ontario's now-suspended 25% surcharge on electricity exports.

    US Correspondent Richard Arnold told Mike Hosking that investment giant Goldman Sachs says there is now a 1-in-5 chance of a recession in the US.

    Arnold says that while the average American is yet to feel this in full, they certainly will.

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