What about what Donald Trump would mean for people’s super balances (given the impact of the tariffs on the stock market and superannuation firms investments)

Jim Chalmers:

I can assure people that in a world of volatility and uncertainty, Australia is better placed and better prepared than our peers.

Everyone with a super fund, everyone with shares, I think, probably every Australian, is seeing what is happening on global share markets and in our own market with a degree of trepidation about all of this uncertainty.

I say to them the work we’ve done together over the course of the last three years, strengthening our economy, getting inflation down, helping with the cost of living, repairing the budget, all of these things are our best defence against this global uncertainty.

One of the big pressures on the budget we released not that long ago was these escalating trade tensions that do cast a dark shadow over the global economy and we won’t be immune from that, but we’re better placed, better prepared and Australians should take comfort from that.