The first Australian response to Trump was denial, then (unsuccessful) bargaining. Now there’s anger and depression as the tariffs sink in. Eventually must come acceptance.

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[–] princessnorah@lemmy.blahaj.zone 1 points 3 months ago

Now there’s anger and depression as the tariffs sink in.

I hope we don't end up putting retaliatory tariffs on goods sold by American companies that are actually made in China. iPhones and Pixels are the one that comes to mind first. All that would do is harm Australian consumers and cause the cost of living to increase, because I don't think people will turn around and buy a Samsung instead. Well, maybe people looking to buy a Pixel but not an iPhone. I'm pretty sure Apple pays most of their corporate taxes in Ireland anyway.

As well, tariffs on American pharmaceuticals would be pretty silly, because it's the government that's going to foot the bill, when they're the ones collecting the tariff anyway, so it'd just be a ridiculous cyclical situation.