"In summary, my understanding of the IRA/FTA is U.S protectionism of local manufacturing. It will not assist manufacturers to compete on a global scale and forces governmental support to industry - we saw how that went in Australia with ford and holden/gm.
Hmm. So far it's looking like the rump tariffs on all imported goods and protectionism of US manufacturers has arrived. This only means China exports to US will decrease resulting in Oz's exports to China decreasing and of course every other country that produces or exports, think Europe, India, Korea et al. I can only imagine how the global despots are rubbing their hands together in glee.
Time for a bottlo trip for me.
RNU Price at posting:
7.1¢ Sentiment: None Disclosure: Held
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