Donald Trump’s tariffs hit all the RBA’s key risks for financial stability

Donald Trump’s tariff announcement threatens to trigger a number of key potential financial vulnerabilities, according to the latest Reserve Bank review. Twice a year, Australia’s central bank publishes a financial stability review, looking at the key risks to the nation’s banks, superannuation, insurance and financial markets. The latest report was obviously prepared before US President Donald Trump’s tariff announcement this morning. And, while it concludes Australian financial institutions generally remain secure and well-placed to weather any shocks, the report also identifies three key risks to Australia, all of which appear much closer to being realised after the sweeping global tariff…