Politics
Donald Trump offers a huge advantage to Xi Jinping with self -destructive rates
SERINGER-MORRIS: So Peter, tell us what happened, what kind of prices Donald Trump has slapped?
Hartcher: Today, it is the big one that Trump announced that Trump has announced prices on each country that sells goods in the United States with a reference base, as he said, a minimum rate of 10%, then 50 and 60% for other countries.
Australia did not want a 10% rate to be put on all its exports to the United States, but with Great Britain, we have the lowest rates that are applied to us. All other countries have higher rate rates. Even some of the most intimate allies of the Americas … Israel, for example, has a price of 17% applied.
Now, the [Australian] The Prime Minister hinted this morning, without saying it squarely, but that means that he in fact improved the relative competitiveness of the Australias in the United States, exporting to the United States, compared to all other countries, with the exception of Poms … So we have gone light in some respects, it is even an advantage that Australia has managed to secure. But it will be a cold comfort for some of the companies and exporting industries that will suffer because they have lost 10% of competitiveness, measured against American producers in America who, of course, have no price applied to them.
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