If Future Made in Australia was our answer to Joe Biden’s misleadingly named Inflation Reduction Act, the re-election of Donald Trump suggests such schemes are hardly vote-winners.
Still, the ship of government does not easily turn. It’s full-steam ahead on Australia’s green-washed (and likely inflation-boosting) return to industrial policy, which Treasurer Jim Chalmers insists is not protectionism.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com