How about USA and Australian governments just buy the iron ore off FMG, BHP, RIO that would otherwise be sent to China. The CCP will not stop building more nuclear powered submarines. Australia has not defence against a fleet of nuclear powered submarines with ballistic missile capabilities.
USA and Australian governments could fund domestic steal production for sale to Korea, Japan, India. Thereby, militarily and trade rebalancing.
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How about USA and Australian governments just buy the iron ore...
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