There is a trade war happening with China now in the form of...

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    There is a trade war happening with China now in the form of
    China's crippling import duties on our :
    -Coal
    -Meat
    -Cotton
    -Wool
    -Barley
    -Wheat
    -Timber
    -Copper
    -Sugar
    -Wine.

    From the GFC to 2020, China had been the principal price driver for these exports.
    The Ukraine War has temporarily lifted the prices for our Coal, Meat, Barley & Wheat but once
    the global market adjusts , these prices will drop again, IMO.

    We have made our decision ("prompted" by the USA) to adopt a political hostile attitude
    towards China without an economic plan to deal with China's subsequent trade sanctions
    and as such we are now at the mercy of China going
    forward. There is a Chinese saying "kill one to save 100" and we seem to be the 1 China is killing
    even though many RWNJs on these threads are in a state of denial/or hoping that a 3rd World India will bale us out!

    So to get back to political leadership.
    IMO we need political leaders who understand global markets
    and can devise long term economic plans for Aus that considers
    our strengths & weaknesses, positions Aus to diversify trade away
    from China by supplying products and services that are needed globally,
    rather than having foreign owned corporations digging it up & shipping it out
    in cape sized ships with the minimum of Aus added value and up to 90%
    of profits going overseas.

    Singapore has done that without any natural resources!


 
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