“Holidays back home and online shopping are becoming significantly more expensive”

SBS German

Multiple $50 Notes and a pile of coins of Australia

Australian banknotes and coins. Source: Moment RF / Vicki Smith/Getty Images

US President Donald Trump's new tariffs are causing turbulence on financial markets worldwide — with noticeable consequences also for the German-speaking community in Australia. The Australian dollar recently fell to a record low of just 55 euro cents — the biggest daily loss since the 2008 financial crisis. This has direct consequences: Travel to Europe or the USA is becoming more expensive, as is online shopping abroad. How long this price slide will last is unclear — but experience from previous crises shows that the dollar could be weakened for months.

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Published 8 April 2025 3:59pm

By Benjamin Kanthak

Presented by Benjamin Kanthak, Lidia Cortina

Source: SBS

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US President Donald Trump's new tariffs are causing turbulence on financial markets worldwide — with noticeable consequences also for the German-speaking community in Australia. The Australian dollar recently fell to a record low of just 55 euro cents — the biggest daily loss since the 2008 financial crisis. This has direct consequences: Travel to Europe or the USA is becoming more expensive, as is online shopping abroad. How long this price slide will last is unclear — but experience from previous crises shows that the dollar could be weakened for months.

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