Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.
Archived version: https://archive.is/newest/https://theconversation.com/new-modelling-reveals-full-impact-of-trumps-liberation-day-tariffs-with-the-us-hit-hardest-253320
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Australia’s top 3 export markets are China, South Korea and Japan. If they put retaliatory tariffs on the US we should pick up extra business as we will have a price advantage. When the US duped our old conservative PM, Scummo, into pissing of China they put up trade barriers and our “mates” including Canada, NZ and USA all gained at our expense. It’s nothing personal.
We don’t export much to the US and 10% is as low as it goes. Without retaliation the US tariffs would only be a tax on US consumers. But the retaliation from other large economies will damage US exports and jobs and give opportunities to other nations. Thanks, I guess.