The ongoing trade war between the United States and China is having a “profound” impact on Australia, according to an expert.

US President Donald Trump recently escalated the situation after China imposed tariffs on $75 billion worth of US products.

Head of OFX Australia and New Zealand Michael Judge tells Steve Price it’s having a detrimental impact on the Australian dollar.

“We, as an economy and politically as well, would like to see a resolution.

“There might well be some bright spots and some industries within particular business units which are going to benefit, but overall I think we are poised for a move away broadly from protectionism.”

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