Trump election win would be 'calamitous' for Australian trade

[sparky]

I just wanted to say I enjoy your Fortune Cookie approach to posting.

I'll be here all week Harpy...... ~S~

 

[Harpy Eagle]

I'll be here all week Harpy...... ~S~

Good to hear.

 

[MarathonMike]

Trump election win would be 'calamitous' for Australian trade: experts

Commodity-reliant economy at risk from tariffs, retaliation and 'global trade war'

asia.nikkei.com

With the U.S. presidential election just days away, Australian officials and industry are bracing for the potential economic impact if Republican candidate Donald Trump returns to the White House.

Trump, who polls show is in a tight race against Democratic candidate Kamala Harris, has pledged to raise tariffs on Chinese goods to 60% and to hit other partners with tariffs of 10% to 20%, moves that analysts say would hurt Australia's key commodity exports.


Nobody wins a tariff war, it hurts everyone.

Tariffs are very powerful and can be either beneficial or detrimental to our economy. The Democrats use the worst case scenario of BLANKET TARIFFS to create the illusion of a "National Sales Tax" for a scare tactic. Trump will use tariffs strategically which will greatly improve our economy and level the playing field with certain important products.

 

[ThirdTerm]

Trump is serious about imposing a 60% tariff on Chinese imports. But other trading partners are likely to get out of it. Australia won an exemption from Trump tariffs in 2018 after pleading with Trump. This is how Trump negotiates trade deals.



China a key target
Trump previously used the threat of tariffs as leverage against foreign countries in bilateral trade negotiations, before pulling back from the worst of his threats, US Studies Centre director of research Jared Mondschein said.

“He sees himself as the ultimate dealmaker,” Mr Mondschein said.

“Harris won’t be as keen to put tariffs on countries as Donald Trump is. But no matter who wins the election, neither of them is going to wake up and say China is playing fair on trade.”

Former prime minister Malcolm Turnbull was able to negotiate an exemption from Trump’s steel and aluminium tariffs in 2018, by emphasising Australia’s close security relationship with the US and agreeing not to increase sales of the metals to the US.

“Allies like Australia may be able to do a deal with a Trump administration to get out of it, but I don’t think China will be able to,” Professor Armstrong said.

RBA and Treasury brace for fallout, whether it’s Trump or Harris

Officials are making contingencies for the possible economic fallout from the US election results, with many potential scenarios being analysed.

www.afr.com

 

[zett jett]

Biden loves him some tariffs...
WashingtonCNN —
The Biden administration said Friday that it has finalized tariff hikes on certain Chinese-made products that the president first announced in May.

The tariff rate will go up to 100% on electric vehicles, to 50% on solar cells and to 25% on electrical vehicle batteries, critical minerals, steel, aluminum, face masks and ship-to-shore cranes beginning September 27, according to the US Trade Representative’s Office

https://www.cnn.com/2024/09/13/politics/china-tariffs-biden-trump/index.html

Funny how the left lacks the self awareness to see it.

I never looked into it, but I think Biden basically kept all of Trump's tariffs in place.

 

[justoffal]

Trump election win would be 'calamitous' for Australian trade: experts

Commodity-reliant economy at risk from tariffs, retaliation and 'global trade war'

asia.nikkei.com

With the U.S. presidential election just days away, Australian officials and industry are bracing for the potential economic impact if Republican candidate Donald Trump returns to the White House.

Trump, who polls show is in a tight race against Democratic candidate Kamala Harris, has pledged to raise tariffs on Chinese goods to 60% and to hit other partners with tariffs of 10% to 20%, moves that analysts say would hurt Australia's key commodity exports.


Nobody wins a tariff war, it hurts everyone.

Meh.... That statement is way too simplistic. You have not yet demonstrated the Delta Factor between damage to American industry in terms of dollars versus what a tariff would do to recoup that. It cannot be left untended.

 

[justoffal]

I never looked into it, but I think Biden basically kept all of Trump's tariffs in place.

Every one of them in fact ...the Dems know they're needed but don't have the political balls to get behind them.

 

[para bellum]

Nothing will bring back manufacturing jobs as more were lost to automation than offshoring.

That's not true and it pisses me off every time I hear it. Germany has managed to keep their manufacturing workforce and they have access to the same automation as we do.

We made a conscious policy decision, supported by both parties, to exchange manufacturing jobs for AG exports. Period. You buy our grain, we'll send our manufacturing to your country.

I wish these series went back a little farther, I used to have better graphs from the FED but I don't know what I did with them.

Manufacturing jobs lost, goods imports, AG exports. This began in the 1980's and accelerated after NAFTA and again after 2000 when China was admitted to the WTO.

We didn't stop consuming manufactured goods, we just imported them instead of making them here.

 

[Man With A Plan]

Trump election win would be 'calamitous' for Australian trade: experts

Commodity-reliant economy at risk from tariffs, retaliation and 'global trade war'

asia.nikkei.com

With the U.S. presidential election just days away, Australian officials and industry are bracing for the potential economic impact if Republican candidate Donald Trump returns to the White House.

Trump, who polls show is in a tight race against Democratic candidate Kamala Harris, has pledged to raise tariffs on Chinese goods to 60% and to hit other partners with tariffs of 10% to 20%, moves that analysts say would hurt Australia's key commodity exports.


Nobody wins a tariff war, it hurts everyone.

We all know that Trump has said repeatedly that he's going to impose huge tariffs on goods coming from Australia, Harpy! Oh wait...he's NEVER said that! Right...you're just talking bullshit before the election...trying to scare people into voting for Kamala! Don't think it's going to work but carry on...

 

[krichton]

Trump will basically match reciprocal tariffs with allies. So if Australia hits the U.S with a 5 or 10% tariff on products, America will match it. He has stated this in such a manner before, calling it "reciprocal tariffs". If I am him in fact, in his closing arguments, I say this succinctly, "we won't tariff nations that dont tariff us. Those who do, we will MATCH those tariffs.

They will increase tariffs to enemy states who defy rules beyond just tariffs to include slave labour, government subsidies, suppression of their dollar etc.

Trump is the one who wants a trade war with the world. Not the other way around.

 

[Dekster]

Trump election win would be 'calamitous' for Australian trade: experts

Commodity-reliant economy at risk from tariffs, retaliation and 'global trade war'

asia.nikkei.com

With the U.S. presidential election just days away, Australian officials and industry are bracing for the potential economic impact if Republican candidate Donald Trump returns to the White House.

Trump, who polls show is in a tight race against Democratic candidate Kamala Harris, has pledged to raise tariffs on Chinese goods to 60% and to hit other partners with tariffs of 10% to 20%, moves that analysts say would hurt Australia's key commodity exports.


Nobody wins a tariff war, it hurts everyone.

Free Trade deals are functionally extinct. It is just not a matter of the US moving away from them. Anway, I am guessing that despite their rhetoric, they are really thinking more about India about to become the largest market in the world. Their tariffs average 4 times those of the US.

 

[bambu.]

Am I supposed to care about Australia?

Because I do not

Your choice.
You might like to care slightly, as Australia is from where US drones to keep you safe are guided, CIA base at Pine Gap in the outback. All that clear sky.
Giant telescopes that assist in US space ventures.
Part of the Five Eyes alliance, security intelligence network [FVEY}].

• Australia
• Canada
• New Zealand
• United Kingdom
• United States

Working to keep you safe.
The Five Eyes alliance was established after World War II, and is one of the oldest and most prominent intelligence-sharing agreements in the world. The alliance's member countries share a wide range of intelligence to protect their national security and common interests. They work together to counter threats such as terrorism, cybersecurity, and organized crime.

Deepwater harbours where US is welcome to park warships.
US has $29 billion annual trade surplus with Australia.

 

[bambu.]

Am I supposed to care about Australia?

Because I do not

This is why the 1st Marine Division ships out to 'Waltzing Matilda'

 

[MarathonMike]

I never looked into it, but I think Biden basically kept all of Trump's tariffs in place.

True, it was one of the best kept secrets of the Biden administration.

 

[Mac-7]

Trump election win would be 'calamitous' for Australian trade: experts

Commodity-reliant economy at risk from tariffs, retaliation and 'global trade war'

asia.nikkei.com

With the U.S. presidential election just days away, Australian officials and industry are bracing for the potential economic impact if Republican candidate Donald Trump returns to the White House.

Trump, who polls show is in a tight race against Democratic candidate Kamala Harris, has pledged to raise tariffs on Chinese goods to 60% and to hit other partners with tariffs of 10% to 20%, moves that analysts say would hurt Australia's key commodity exports.


Nobody wins a tariff war, it hurts everyone.

Harpy Eagle no longer exists

He’s using a new alias yet here he is big ad life on this thread

Is there a glitch in the software?

 

[Rambunctious]

Trump election win would be 'calamitous' for Australian trade: experts

Commodity-reliant economy at risk from tariffs, retaliation and 'global trade war'

asia.nikkei.com

With the U.S. presidential election just days away, Australian officials and industry are bracing for the potential economic impact if Republican candidate Donald Trump returns to the White House.

Trump, who polls show is in a tight race against Democratic candidate Kamala Harris, has pledged to raise tariffs on Chinese goods to 60% and to hit other partners with tariffs of 10% to 20%, moves that analysts say would hurt Australia's key commodity exports.


Nobody wins a tariff war, it hurts everyone.

Tariffs will be placed on nations who already place them on us... what's fare is fare... do you like being taken advantage of by other countries?...