Australian Treasurer Jim Chalmers tells Bloomberg TV that Australia will “quite dramatically” boost its defense spending, while working with other Group of 20 nations to improve cooperation to combat volatility. Chalmers also warns that he sees US tariffs levied on countries around the world by President Donald Trump as an act of “economic self-harm.” He was speaking on the sidelines of a meeting between many of the world’s most powerful finance ministers in South Africa. (Source: Bloomberg)
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Australia's Chalmers on Tariffs, Defense Spending, Cooperation
