While the United States is voting for the election of a new President, questions are growing about the different impact that the victory of <a href="http://www.world-today-news.com/donald-trump-whats-behind-the-us-presidents-baltimore-attack/" title="Donald Trump: What's behind the US President's Baltimore attack”>Kamala Harris or that of Donald Trump could have on multiple levels.
In our weekly segment dedicated to the economy, we asked UNSW Canberra Finance Professor Massimiliano Tani what the consequences could be for the Australian economy in particular.
Click on the “play” button above to listen to Tani’s speech
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According to Tani, both candidates have revealed plans to thwart free trade with China, which will mean increased costs for consumers on several goods.
“We import money from America; the money we use to take out the home mortgage is money that is collected largely in the United States, because we in Australia don’t save enough”, explains Tani, and this also applies to large expenses government, such as those for defense.
Click on the “play” button above to listen to the interview with Tani
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