<
https://theconversation.com/as-global-trade-rules-falter-how-can-australia-protect-itself-from-economic-coercion-276523>
"The United States was once a champion of fair trade rules. Now, it has
transformed into a rampaging Viking seeking extortionate tributes.
This shift means America now uses its power to pressure even its closest
allies, threatening to withdraw military protection while hitting them with
punishing trade tariffs.
Australia depends on America for its security, yet we’re increasingly
vulnerable to American economic pressure.
US President Donald Trump’s now illegal “Liberation Day” tariffs showed that
trade is a frontline instrument of US geo-economic power rather than a
technocratic domain for trade negotiators.
Trump has since announced the reimposition of 10% tariffs across the board. He
then hiked the rate in a social media post to 15%."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
