Modelling suggests Australia would lose half of its export income and one fifth of its jobs if a new “bamboo curtain” cut the economies of China, Russia and like-minded nations off from the West.
- Winthrop Professor of Economics, The University of Western Australia
The damage would extend well beyond iron ore.
We modelled a number of scenarios showing all increases in US or Chinese trade protection would cause international trade, and the global economy more generally, to shrink.
