Friendica Social Network (Leipzig)

Matthew Rimmer

3 Tage her •

Matthew Rimmer
3 Tage her •

Anthony Albanese denounces US tariffs as ‘not a friendly act’ after Donald Trump refuses exemption for Australia https://www.theguardian.com/business/2025/mar/12/us-rules-out-tariff-exemption-for-australia-after-trump-considered-it-and-considered-against-it The much vaunted Australia-US Free Trade Agreement 2004 has provided little comfort for Australia against US protectionism. #trade #tariffs #AUSFTA

Matthew Rimmer hat dies geteilt

Onya Albo, no reciprocal tariffs in Australia, although there’s definitely a strong argument for whacking a tariff on gold 😂.

“Tariffs and escalating trade tensions are a form of economic self-harm and a recipe for slower growth and higher inflation. They are paid by the consumers. This is why Australia will not be imposing reciprocal tariffs on the United States. Such a course of action would only push up prices for Australian consumers and increase inflation.”

…
“… in January 2025, for the first time since the US census bureau published records, Australia recorded a trade surplus with the US. This was driven, almost wholly, by a run on gold in the US. Australia shipped a record amount of gold to the US in January – worth US$2.9bn – according to Australian Bureau of Statistics figures, the highest figure in records dating back to 1995.”

#TradeWar #Tarriffs #Gold #USPol #Auspol #Steel #Aluminium #PutinsPuppet #TrumpFlation