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Element that's been quiet or missing from the US tariff discussion seems to be reciprocal tariffs.

Other nations won't just sit there quivering as the US breaks all its trade agreements and tariffs are levied on their exports. They'll retaliate. Everyone, everywhere, all at once.

Which is great news for a trading nation like Australia if one of our major competitors are suddenly blown out of the market. We might be one tenth the size of the US, but our exports are one sixth theirs and we compete in a range of areas, most notably agriculture.

Australian farmers and the rural and regional communities they support are in for a significant boost if the incoming US administration makes good on its crazed threats.

#auspol #uspol