Will US Tariffs Come Our Way? By Chris Knight

     Is all of this American coverage really necessary …  I mean, how does this affect us here in little old OZ? Consider this, that Australia has dodged a US tariff bullet for the time. But in the future, who knows, Trump is insane, as the Left rightly says:
  https://www.nytimes.com/2019/06/02/business/trump-australia-tariffs.html

“The Trump administration considered imposing tariffs on imports from Australia last week, but decided against the move amid fierce opposition from military officials and the State Department, according to several people familiar with the discussions. Some of President Trump’s top trade advisers had urged the tariffs as a response to a surge of Australian aluminum flowing onto the American market over the past year. But officials at the Defense and State Departments told Mr. Trump the move would alienate a top ally and could come at significant cost to the United States. The administration ultimately agreed not to take any action, at least temporarily. The measure would open yet another front in a global trade war that has pitted the United States against allies like Canada, Mexico, Europe and Japan, and deepened divisions with countries like China. It would also be the end of a reprieve for the only country to be fully exempted from the start from steel and aluminum tariffs that Mr. Trump imposed last year.

The White House declined to comment. But the Trump administration has fiercely criticized past administrations for making concessions on trade policy to accomplish foreign policy goals. Mr. Trump has said the approach has left the United States in the position of subsidizing the world, weakening American industry and pushing factories and jobs overseas, and has pledged to rework America’s trading relationships. But his decision to hit close allies with tariffs has also prompted an uproar. The Trump administration said it was imposing tariffs on steel and aluminum to strengthen American national security, but critics argue that the approach strains relationships with allies that are far more important to America’s defense. The latest example came Thursday, when Mr. Trump abruptly announced that he would also levy tariffs on Mexico to try to pressure that country to stem the flow of migrants across the United States’ southern border. The move has sent foreign officials and lawmakers on Capitol Hill scrambling to head off tariffs that could damage Mexican and American businesses and threaten to derail a newly negotiated North American trade deal.”

     All Australia is nowadays is basically a hole in the ground where minerals come out. Hitting our materials exports will hit this little soon to be Third World country very heavily. Still, we always have the loving trade arms of
China to cradle back into. Mother China will love us, or so the Australian uni. communists tell us.

 

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Sunday, 25 October 2020
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