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RBA's Philip Lowe slams Donald Trump tariffs as 'highly regrettable bad policy'

Business Summit
Mar 7 2018 at 9:50 AM
Updated 9 mins ago

PHOTO
Reserve Bank of Australia governor Philip Lowe addresses the Australian
Financial Review Business Summit on Wednesday morning. Louie Douvis

Jacob Greber AFR Woodcut

by Jacob Greber

Reserve Bank of Australia governor Philip Lowe has blasted Donald Trump's tariff plan as "highly regrettable
and bad policy" and criticised the president's use of gaping budget deficits to fund company tax cuts.

In a series of hard-hitting remarks, Dr Lowe told The Australian Financial Review Business Summit that the lessons
of history are "very clear" in showing that protectionism is "very costly" for the country that implements such barriers.

More - http://www.afr.com/brand/business-summit/rbas-philip-lowe-slams-donald-trump-tariffs-as-highly-regrettable-bad-policy-20180306-h0x4cn