In short:
Donald Trump’s newest round of tariffs mean virtually all imports to the US — including from Australia — will be hit with an import tax of at least 10 per cent.
Australia has avoided a higher “reciprocal” tariff rate, which is being placed on imports from specific countries deemed to have treated America poorly.
What’s next?
Some of America’s trading partners are preparing retaliatory measures, such as counter-tariffs. Australia says it would prefer to work through a dispute settlement process in the nations’ free trade agreement, but hopes it doesn’t come to that.
Australia says it would prefer to work through a dispute settlement process
Fuck that. You can’t negotiate with an unhinged imbecile who changes his mind depending on who was the last person who spoke to him. Every world leader who bows down to trump just makes him worse.
Is it common to abbreviate “percent” as “pc” instead of “%”?
