Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login The most consequential US presidential jolt to the global trade and financial system since Richard Nixon broke the greenback’s gold standard in 1971 came with a now-familiar amateur-hour execution from the Trump White House. Contrary to what Donald Trump had suggested, calculations of the “reciprocal” tariff to be slapped on each of America’s trading partners had nothing to do with trade barriers to US exports.
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Politics
Australia is uniquely vulnerable to the Trump trade war
The country is being squeezed between the world’s two rival great powers: our traditional American security protector and our biggest export market in China.