The Treasury and Reserve Bank of Australia are bracing for the economic fallout from the US presidential election result, with everything from the potential sacking of Federal Reserve Chairman Jerome Powell to huge tariffs on China under scrutiny.

A week before Election Day, economic officials are studying the fallout from the policies of Republican Donald Trump and Democrat Kamala Harris and the potential impact on Australia’s economy and financial markets, officials familiar with the scenario planning said, speaking on condition of anonymity.

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