President Donald Trump is going scorched earth on trade policy, emulating the famous Oprah Winfrey meme: “You get a tariff, you get a tariff, everyone gets a tariff!” From 25% levies on all incoming steel and aluminum to universal import duties on North American neighbors, nobody is spared from the new administration’s tariffs. But while nations are engaging in tit-for-tat retaliation like kids on a playground, a couple of countries, including Australia, are opting for a more balanced approach.
Be Like Australia
Australian Prime Minister Anthony Albanese declared he would not order retaliatory tariffs on the United States. He believes that Trump’s tariffs and the decision to remove all exemptions and exceptions are unjustified. Despite his condemnation of the White House’s actions, Albanese thinks adopting a “Made in Australia” approach a la…
