which is state controlled, not federal (trump, GST and VAT is federal gov). Equally lower than the VAT or GST. Europe subsidies via VAT to European automakers cost structures with an unequal tariff that’s higher than the USA as an example. This has pissed the USA off and I totally get it.
To reiterate, I do not agree with all the tariffs or how they’ve tried to flash implement new trading rules. But I can see a policy of USA first and get it. I can see past emotional trump bashing headlines. Same crap from 2016-2020.
Outside tariffs trump has done a lot of good. Don’t bet against American exceptionalism. I can’t see the next trillion dollar company coming out of highly taxed and regulated Australia or Europe. It’ll be USA, the king of innovation. I’m a big believer in resources and technology. So I have large investments in mining on the ASX, but all my tech exposure is USA. Topping up now as valuations attractive again.
BHP Price at posting:
$36.50 Sentiment: Buy Disclosure: Held
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