Trade minister to warn Trump’s tariff wars could see Australia ‘suffer’ for generations

<p>Don Farrell to caution against shift to system ‘based solely on power and size’ in Friday speech to Lowy Institute</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Australia “will suffer” for generations if Donald Trump’s global trade wars persist, Don Farrell warns, as the Albanese government stares down an increasingly challenging economic environment in its second term.</p><p>In his address to the Lowy Institute on Friday, Australia’s trade minister will also say the US is “seeking to expand domestic manufacturing and influence the policies of its trading partners” as it questions the benefits of open, rules-based trade.</p> <a href="https://www.theguardian.com/australia-news/2025/jul/25/don-farrell-trade-minister-lowy-institute-speech-trump-administration">Continue reading...</a>