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

Let's all brand it: #Trumpcession and #Trumpflation -- as we long for the successful #Bidenomics.
Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk
https://www.theguardian.com/us-news/2025/mar/05/hopes-of-us-golden-age-fade-as-investors-start-to-worry-about-trumpcession-risk

#Trumpflation

Rebecca Watson lays out the case for massive grocery bill increases thanks to Trump's policies on tariffs and immigration hitting your pocket book in 2025.

Can't wait to see the MAGA butt hurt about this - they will of course blame Democrats.

And don't forget how deregulation will spike food contamination and environmental poisoning of American consumers and workers in States that don't have their own stricter rules - if they still can.

https://youtu.be/XM1eA_KlBzc?si=N3Mb91uJltt3GQwM

#Trumpflation