Trump’s wake-up call to Australia’s leaders
Trump’s anti-China 60% import tax barrier will weaken China’s economy and is predicted to have flow on effects impacting negatively on Australia’s economy. Will our political leaders now realise that Australia’s involvement in a military war against China for which they are furiously preparing, would have a devastating impact on our economy and Australian life generally as all trade with China would cease in such a scenario?
Trump’s proposed 60% tariff barrier against Chinese imports into the U.S with the consequent and intended effect of weakening the Chinese economy will, if enacted, place Australia’s political leadership in a serious bind, and it appears that some are starting to realise this. It seems to have suddenly dawned on them that Australia’s economic prosperity, unequally shared though it is, is largely due to a favourable trading relationship with China. A weakened Chinese economy resulting from Trump’s tariff barrier would mean less Chinese demand for Australia’s resources, drastic shortages of everyday items, loss of jobs and general disruption of our economy and our everyday life. Our situation is made worse by the lopsided........
© Pearls and Irritations
visit website