BedSharkPal@lemmy.ca to politics @lemmy.worldEnglish · 2 days agoAustralia won’t retaliate against ‘unjustified’ US tariffs on steel and aluminumapnews.comexternal-linkmessage-square49fedilinkarrow-up1118arrow-down17file-textcross-posted to: news@lemmy.world
arrow-up1111arrow-down1external-linkAustralia won’t retaliate against ‘unjustified’ US tariffs on steel and aluminumapnews.comBedSharkPal@lemmy.ca to politics @lemmy.worldEnglish · 2 days agomessage-square49fedilinkfile-textcross-posted to: news@lemmy.world
minus-squareAuli@lemmy.calinkfedilinkEnglisharrow-up1·1 day 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.worldlinkfedilinkarrow-up2·edit-21 day 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.