Comment on New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest
veroxii@aussie.zone 2 weeks agoAlso Australia is actually trading at a deficit with the USA. We buy way more from them than they buy from us. Which shows this narrative of Trump to reduce the trade deficit is bullshit.
For this reason though I don’t think Australia will do retaliatory tariffs. Why hurt ourselves more when the USA is less than 5% of our exports?