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

The more I observe US markets, the more I realize how much impact the cost and function of #steel has on everything, long term.

The rise of #USSteel in the face of a major shift in ownership is undeniable. $X
#investing
#premarket

A brief analysis how little old UK is going to have its policies disctated to by #Trump

Including #Steel, #FinancialServices (come to me fresh banking crisis), #Brexit 'reset' (don't touch those dirty Europeans or else), #OnlineAbuse (nothing wrong with that), #Climate (what is there to worry, drill baby drill).

It is all looking good for the group of islands just off #Europe.

http://archive.today/2025.02.11-001211/https://www.thetimes.com/uk/politics/article/donald-trump-uk-agenda-trade-tariffs-tanks-explained-r6pgs9whd (archived)