Our objective should be to grow our economy by at least 4% p/a, diversify trade away from China (max 15% trade/export/import with China) and devise a long term program to 'buy back the farm" #(retain Aussie ownership of at least 51% of our key resources & big businesses) and to pay down National, State & Muni Debts within 30 years.
IMO this is how we "Put Australia First" and then we only have to navigate international politics as a middle power.
If we want to bolster up our National Defence, then we should develop our own Nuclear Capabilities within the next 30 years also.
# Give our Billionaires an offer they can't refuse: gain equity in our majority foreign owned businesses or be "super taxed"