One does not have to be a Rhodes Scholar to see that the this trump-China deal will preclude Australian suppliers & other cometive suppliers from the Chinese market:
"Estimates of the value of goods by industry the White House believes Beijing will buy include about $80 billion in manufactured goods, $53 billion in energy, $32 billion in agriculture and $35 billion in services." (source CBNC)
While Trump ideologues on these threads mistakingly barrack for Trump's percieved anti-CCP stance, while in essence he is simply cutting a trade deal with China on US beneficial grounds. Big difference...eh?
Trump has dealt with Russia & Russian Oligarchs in his private dalings so ideology is not in His Dictionary judging by his past behaviour.
If this becomes the US Trade "Modus Operandi" post the November Election, regardless of who wins, then the rest of the world, particuluarly OECD members, is likely to respond in kind thereby triggering a world trade crisis , IMO.
For example, if such restrictive deals applied to say US financial institutions globally, dotcoms such a Google, Facebook, Amazon etc & products such as Apple (surpassed Aus GDP in Mkt Cap recently) then it may force the US to relent or, conversely, contract economically withing its geographic borders. The USA cant simply trash WTO trade norms by bullying trade deals and benefit over the longer term, IMO.
