209
New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest
(theconversation.com)
this post was submitted on 03 Apr 2025
209 points (99.1% liked)
Global News
3698 readers
897 users here now
What is global news?
Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.
Post guidelines
Title format
Post title should mirror the news source title.
URL format
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
[Opinion] prefix
Opinion (op-ed) articles must use [Opinion] prefix before the title.
Country prefix
Country prefix can be added tothe title with a separator (|, :, etc.) where title is not clear enough from which country the news is coming from.
Rules
1. English only
Title and associated content has to be in English.
2. No social media posts
Avoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
3. Respectful communication
All communication has to be respectful of differing opinions, viewpoints, and experiences.
4. Inclusivity
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacks
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangents
Stay on topic. Keep it relevant.
7. Instance rules may apply
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
Companion communities
- !legalnews@lemmy.zip - International and local legal news.
- !technology@lemmy.zip - Technology, social media platforms, informational technologies and tech policy.
- !interestingshare@lemmy.zip - Fascinating articles, captivating images, satisfying videos, interesting projects, stunning research and more.
- !europe@feddit.org - News and information about Europe.
Icon generated via LLM model | Banner attribution
If someone is interested in moderating this community, message @brikox@lemmy.zip.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Australia's top 3 export markets are China, South Korea and Japan. If they put retaliatory tariffs on the US we should pick up extra business as we will have a price advantage. When the US duped our old conservative PM, Scummo, into pissing of China they put up trade barriers and our "mates" including Canada, NZ and USA all gained at our expense. It's nothing personal.
We don't export much to the US and 10% is as low as it goes. Without retaliation the US tariffs would only be a tax on US consumers. But the retaliation from other large economies will damage US exports and jobs and give opportunities to other nations. Thanks, I guess.
Also 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?