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trump puts 25% tariffs on Aussie steel and aluminium (www.msn.com)
submitted 2 years ago by to c/australia@aussie.zone
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I hope we respond by putting tariffs on American pickups. Democratic nations need to cut the US out of the global economy entirely until they learn how to act right.

Apologies if there's any weirdness in this post, it's my first one.

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[–] 6 points 2 years ago* (1 child)

What can you really do to prepare for something like this? Specifically against the US which is:

Iron Ore to China: China was the dominant market for Australian iron ore, accounting for around 85% of exports. This amounted to approximately AU$115 billion in value in 2023, with over 736 million tonnes shipped in 2022

vs

Steel to America: United States: Exports of steel to the U.S. were much higher, totaling US$237.51 million in 2023. Key products included flat-rolled and semi-finished steel2.

https://www.perplexity.ai/search/how-much-iron-ore-and-steel-do-5bWZvTZeRqSNQSlFbu1MBg

I'd like to know more about just how big our steel industry is apart of the exports pie especially compared to iron ore but I suspect we may be blowing this tariff out of proportion

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  • [–] 2 points 2 years ago

    It might be small biccies compared to iron ore to China, but the optics are really bad, and when Australia is included in the tariffs, then psychologically we are siding with Everyone Else in this new US vs Democracy fight. Because that's what the US (tech bros, who are now in charge) are orchestrating: a direct attack on democracy.

    So yes, the numbers are small compared to other countries, but the attack is ideological, and real.

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