Australia has banned American beef because of biosecurity reasons. No other reason. Australia and New Zealand have the world's toughest agricultural biosecurity measures in place. There is a reason why we have been so incredibly successful in avoiding equine flu. Our animals are healthy because of it. It is no justification for Trump's tariff policy. To suggest so is laughable.
Given the long standing power battle between the USA and China, I can understand the USA wanting to tariff them. Trump is single handedly destroying his economy in the way he's doing it though. Small businesses are going to be destroyed, and inflation is going to be significant.
One of the only countries to escape tariffs is Russia. What's your response to this? The Trump administration is becoming a dictatorship. Also the irony that many of his executive appointees are horribly, horribly, unqualified to be doing their executive jobs. Maga keyboard warriors love to talk about how DEI is destroying merit based recruitment. But Trump's recruitment couldn't be further from merit based.
I bought BHP in the high 33's last week and have cash on the sidelines awaiting further chaos. That chaos may not come, because Trump chops and changes his mind every second week. When he and his insiders have had their fill, of course.
BHP Price at posting:
$36.07 Sentiment: Hold Disclosure: Held
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