Chanticleer
How Rio and BHP got caught in a three-way Trump squeeze
Rio Tinto and BHP maintain their relations in Beijing, buddy up to the new team in Washington and try to protect their interests in Canada. But it could just work out for the pair.
It’s the tariff twist that could send Australia’s biggest miners into a tizz.
Over the past decade, Rio Tinto and BHP have got used to being stuck between their biggest customers in Beijing and their strategically important allies in Washington, but US President-elect Donald Trump’s threat to put a 25 per cent tariff on imports from Canada creates new complications for the pair.
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