Australia Gambles Trump-Xi Tensions Won’t Derail Budget Recovery – Bloomberg

Australias leader Malcolm Turnbull will use Tuesdays budget to try and woo back disaffected voters before Donald Trump and Xi Jinpings trade tensions undermine the most China-dependent developed economy. Malcolm Turnbull Photographer: Brendon Thorne/Bloomberg A sudden surge in revenue is allowing Turnbull to offer tax relief instead of paying down the countrys budget deficit early.…