Please click here to read Shane Oliver's views on the Trump tariffs and the implications for investors and Australia.

The key points raised are:

• US President Trump has announced tariffs on Canada, Mexico and China and is threatening more tariffs.
• The one-month delay to tariffs with Canada & Mexico is a sign they may be averted, but the uncertainty with more tariffs likely means a volatile ride for investment markets.
• Australia is vulnerable to a US/global trade war via a hit to China, but its less vulnerable than many other countries.
• Trump’s trade war adds to the case for an RBA rate cut as its more of a threat to Australian growth than inflation.