Will Trump’s ‘liberation day’ lead to global recession?
ABC News Daily
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Strained Trade Relations: U.S. and Australia on Beef Imports
This chapter examines the ongoing tension between the United States and Australia over beef imports, highlighting non-tariff barriers and Australia's strict biosecurity measures. It discusses the implications of a newly imposed 10% tariff on Australian exports and the broader economic repercussions, emphasizing how such tariffs challenge trade dynamics, particularly for medium-sized economies like Australia. The chapter also addresses the political consequences of these trade policies, including potential impacts on American consumers and the looming question of recession.
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