The US bunging of tariffs on its importation of Aus Steel and Aluminium
is, IMO, a wake up call for Aus and confirms what US sceptics have
always thought; that is that in an emergency that the US cant be
trusted.
Lets look at the tariffs now in place:
$800 million of Steel & Aluminium exports with a 25% tariff would yield
the US coffers $200 million P/A...that is if these tariffs dont scotch this
tade altogether. So can we assume (best case scenario for the USA)
that the US will sell us out for $200 million P/A?
If these tariffs stop Aus Steel & Aluminium exports to the USA then
the US wont collect the Trump touted tariff windfall to prop up US
manufacturing but instead we'll simply have to find an alternative market.
The bottom line here is that these tariffs effectively tear up our longstanding
Free Trade Agreement (FTA) with the USA
The irony of these tariffs is that the US has run a significant trade surplus
with Aus since the FTA was instituted.
So the big question is:
Where will we export our surplus production Steel and Aluminium to?
Will it be to China? IMO China could gain amazing "Brownie Points" in Aus
by taking our $800 million metals exports even though China is the world's leading
exporter of both Steel & Aluminium .
- Forums
- Political Debate
- US Breaches Aus Trust
US Breaches Aus Trust
-
- There are more pages in this discussion • 160 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)