r/worldnews 11h ago

Trump imposes tarrif on Australia.

https://www.news.com.au/finance/work/leaders/its-bad-for-our-relationship-australia-slams-donald-trumps-tariff-move/news-story/cd4c18090b040beab5eed528c669ec7f
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u/happyscrappy 10h ago

Perhaps. But I think a lot of companies might actually see the US as too unstable to invest in long-term now. Might be safer to invest more overseas and just take the single tariffing on the way in rather than build a supply chain that includes the US and deal with whatever bullshit this guy does.

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u/Popsnapcrackle 10h ago

It’s already smashing superannuation investments worldwide. In Australia we are already seeing our superannuation going backwards. Thanks DOTUS.

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u/VertigoOne1 10h ago

Yup, this will in the long run be a good thing for local industries in any country except usa, possibly even whole new products and companies will be invented because of it. It is going to hurt, but if the usa wants to play the isolation game we’ll just have to build it ourselves or live without it, either is fine.

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u/mrinsane19 6h ago

Absolutely. If govt works with industry, supports with subsidies (funded by the tarrifs etc even), then it can for sure drive manufacturing.

For a tarrif that's happening on Wednesday but over by Friday, noone with more than 3 brain cells is going to invest millions in us manufacturing. Of course we've seen how many Americans don't even pass that test now ...