Australian Prime Minister Anthony Albanese says U.S. tariffs on Australian steel and aluminum are unjustified, but his government will not retaliate with its own tariffs.
Sorry, you think the US putting tariffs on Australian products for instance, doesn’t hurt Australia? Huh? Of course they do. Now importers in the US will pay more for those Australian goods, and now there is incentive to look at alternatives. So Australia makes less sales of those products. The ENTIRE point of the tariffs on Canada is to economically strain them to force them to join the US.
Now would these tariffs also hurt the US? Yes, but not symmetrically. Hence all other countries issuing retaliatory tariffs.
And frankly, the US isn’t the only trade partner in the world.
It’s a large economy but not the only economy. These tariffs from the US are dumb because the end result is that the US will be excluded from world trade just like Iran or North Korea is.
Sorry, you think the US putting tariffs on Australian products for instance, doesn’t hurt Australia? Huh? Of course they do. Now importers in the US will pay more for those Australian goods, and now there is incentive to look at alternatives. So Australia makes less sales of those products. The ENTIRE point of the tariffs on Canada is to economically strain them to force them to join the US.
Now would these tariffs also hurt the US? Yes, but not symmetrically. Hence all other countries issuing retaliatory tariffs.
Why do you think other countries are doing this?
And frankly, the US isn’t the only trade partner in the world.
It’s a large economy but not the only economy. These tariffs from the US are dumb because the end result is that the US will be excluded from world trade just like Iran or North Korea is.
Yeah, we should definitely hurt Canada economically. I mean screw our best ally and longest lasting friendship.