Australia's largest stock trading and investment forum Australia's #1 stock forum

Treefern you are precisely correct but most people seem to not...

First 11 Last

Share
Profile

Follow
hotstocks

1,282 Posts.

1

19/04/21

11:54

Post #: 52562194
Share

Originally posted by Treefern: ↑

Take a look at the trade agreement signed between China and the USA last year to diffuse the trade tensions and you will see that this was not only predictable, it was stated in the agreement. The agreement also indicates why China and Australia are having problems in other commodity areas (despite political commentary to the contrary).

My memory is a bit fuzzy on the agreement but I believe p94 holds the dreaded annexure 6.1 table which clearly outlines Chinese trade shifting to the USA in areas such as coal, barley, wine etc across a two year period. China has had to divert their purchasing to the USA from somewhere, and that somewhere is us.

Who is the economic foe indeed :/

Expand

Treefern you are precisely correct but most people seem to not understand this - absolutely common sense with no question about what was planned.

US-CHINA TRADE.pdf

Trump guaranteed Australia would take a huge hit but he was working for the USA and most certainly not Australia so what else could possibly happen.

The list starts at page 6-2 and is enormous - we are just lucky the US has limited iron ore otherwise we would be totally stuffed. Allies are great ........sometimes.

But if I was running the USA I would have to have done exactly the same thing.That is what leaders are for - to work for their people. Of course god knows where our leadership is - certainly not in Canberra.
4 Upvote

Reply