From the POV of the FSoA economy, trade with Oz is meaningless due to the low population numbers. 30M people, barely larger than a couple of cities in China or the EU. It's swamped out by trade with China, the EU, Japan & India. The meat & potatoes on the production end is China and consumption on the EU side. The rich countries of Europe are the only ones that can afford FSoA products along with the elite Chinese. The trade war will negatively impact both.
There is no plan here, only Trump's thoroughly misguided understanding of how tariffs work and the underlying reasons for the FSoA deficit spending, which transfers wealth from the population to corporations through goobermint contracts. His hacking away at the goobermint employee rolls will barely touch the total deficit.
Far as Oz is concerned, long as the bilateral trade with China remains good, you'll still have access to their goods and they'll buy OZ coal and minerals. Start a garden and grow your own produce. Plant an Orange tree.
RE
There is no plan here, only Trump's thoroughly misguided understanding
Started by RE Apr 04, 2025, 08:21 PM
Message path : / Politics / Trump / He tariffs because he can / There is no plan here, only Trump's thoroughly misguided understanding
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