SG Talk

The US is one of Australia’s closest allies and says it has our back. But behind the scenes, America is profiting big time from our misfortune.

Australia’s devastating trade war with China has been a crushing blow for many industries, and the wider economy as a whole.

And while our allies have publicly backed us, behind the scenes, they’ve quietly benefited from Australia’s misfortune.

Penned by director James Laurenceson and project and research officer Thomas Pantle, the damning report reveals Australia’s exports across 12 key commodities impacted by Beijing’s sanctions – such as coal, barley, beef, timber, lobster and wine – plummeted by a staggering $17.3 billion in the first nine months of 2021, compared with 2019.

But at the same time, our closest “strategic friends” – led by the US, but also including Canada and New Zealand – have enjoyed a windfall, with US exports jumping by $A6.3 billion, Canada’s by $A1.5 billion and New Zealand’s by $A1.1 billion.

In other words, while our partners have loudly supported us on the world stage, they’ve had no qualms when it came to muscling in trade-wise.

https://www.news.com.au/finance/economy/...890a76?amp

Scomo enjoys being fxxked mah! 

(11-12-2021, 11:05 AM)sporeguy Wrote: [ -> ]The US is one of Australia’s closest allies and says it has our back. But behind the scenes, America is profiting big time from our misfortune.

Australia’s devastating trade war with China has been a crushing blow for many industries, and the wider economy as a whole.

And while our allies have publicly backed us, behind the scenes, they’ve quietly benefited from Australia’s misfortune.

Penned by director James Laurenceson and project and research officer Thomas Pantle, the damning report reveals Australia’s exports across 12 key commodities impacted by Beijing’s sanctions – such as coal, barley, beef, timber, lobster and wine – plummeted by a staggering $17.3 billion in the first nine months of 2021, compared with 2019.

But at the same time, our closest “strategic friends” – led by the US, but also including Canada and New Zealand – have enjoyed a windfall, with US exports jumping by $A6.3 billion, Canada’s by $A1.5 billion and New Zealand’s by $A1.1 billion.

In other words, while our partners have loudly supported us on the world stage, they’ve had no qualms when it came to muscling in trade-wise.

https://www.news.com.au/finance/economy/...890a76?amp

So Australia had been taken for a ride by USA..?

(08-12-2021, 01:45 PM)kokee Wrote: [ -> ]all the stupid moronic 5 cents here, australia only 20-30mil people, their resources probably more than china, what to worry?
from land to sea ocean  to sky, all the free natural to share among 25 mil people for few hundreds generations.
china 1.4bil fighting for all the fake & junk, milk powder? quality food? coal? oil?
Iron ore to australia is minor, market up down is norm, australia per capita today still easily 500% or more higher than china.
they want more, just dig more.



人口跟台灣一樣，GDP卻在全球排行第13，更創下世界最長不衰退紀錄 - 澳洲

know nut communists here, a free market out there, trade accordingly.
ccp china screwed by the world everyday everywhere, who care.

包子大敗局：法國呼籲全方位抵制北京冬奧，國內趁機吹捧胡錦濤奧運輝煌




包子大敗局：法國呼籲全方位抵制北京冬奧，國內趁機吹捧胡錦濤奧運輝煌

普京稱印度是強大可靠的盟友，擺明了告訴習，給再多錢也看不起你，你就是個土包子




普京稱印度是強大可靠的盟友，擺明了告訴習，給再多錢也看不起你，你就是個土包子

Wow!

Scomo kena fxxked but Century got sexcited! 

(11-12-2021, 11:20 AM)kokee Wrote: [ -> ]know nut communists here, a free market out there, trade accordingly.
ccp china screwed by the world everyday everywhere, who care.

.... and you are the biggest moron in this forum Cockee?!