BedSharkPal to politics @lemmy.worldEnglish · 2 months agoAustralia won’t retaliate against ‘unjustified’ US tariffs on steel and aluminumapnews.comexternal-linkmessage-square49linkfedilinkarrow-up1121arrow-down17file-textcross-posted to: [email protected]
arrow-up1114arrow-down1external-linkAustralia won’t retaliate against ‘unjustified’ US tariffs on steel and aluminumapnews.comBedSharkPal to politics @lemmy.worldEnglish · 2 months agomessage-square49linkfedilinkfile-textcross-posted to: [email protected]
minus-squareAulilinkfedilinkEnglisharrow-up1·2 months agoSo which is it not doing anything because they basically do no trading with America or it we’ll destroy their economy?
minus-squareNimdaQA@lemmy.worldBanned from communitylinkfedilinkarrow-up2·edit-22 months agoNot mutually exclusive. Australia has a trade deficit with America. American tariffs impact Australia’s exports to America which frankly aren’t much. If Australia retaliates, this would impact America’s exports to Australia which would be far more economically damaging.
So which is it not doing anything because they basically do no trading with America or it we’ll destroy their economy?
Not mutually exclusive.
Australia has a trade deficit with America.
American tariffs impact Australia’s exports to America which frankly aren’t much.
If Australia retaliates, this would impact America’s exports to Australia which would be far more economically damaging.