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Globalisation

Yesterday

The US alliance will still be a significant net benefit for Australia and will remain our most important security relationship.

The Trump effect is a wrecking ball, and we’re in the blast zone

As the US president declares victory at every turn, he will leave behind a changed world. The implications for Australia are profound.

This Month

China’s ambassador to Australia, Xiao Qian.

No, Ambassador Xiao, China is not a champion of free trade

It is not Trump’s tariffs but Chinese economic policies and practices over many decades that are the greater challenge to economic globalisation as we know it.

Senior trade adviser Peter Navarro at the tariff announcement ceremony in the White House Rose Garden.

Markets have seen through Peter Navarro’s ‘tissue of lies’

The evidence against Donald Trump’s tariff adviser, and his “poorly designed and reckless” tariff hikes, is overwhelming.

ChatGPT told Trump how to set tariffs – and now the world’s paying for it

“Vibe governing” suggests policymakers are letting AI-generated content guide major decisions, leading us into surreal, potentially dangerous territory.

Compared with other countries, Australians got off relatively lightly from Donald Trump’s trade tariffs and should be grateful the Trump Administration didn’t hit us harder.

10 per cent tariffs are what Trump-style mercy looks like

Donald Trump thinks we’ve been subsidising our lifestyles at the expense of his constituents. He is not entirely wrong and doesn’t care that he is slightly wrong.

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Donald Trump’s tariff announcement last week has shaken global markets.

US starts collecting Trump’s 10pc tariff, smashing trade norms

The initial 10 per cent “baseline” levy paid by American importers took effect at seaports, airports and customs warehouses on Saturday.

Donald Trump has America headed for a painful recession.

How Trump destroyed the world America built

The US president has successfully promoted populism, isolation and nationalism, accelerating de-globalisation and protectionism, all under the pretext of safeguarding economic security.

All your questions about Trump’s ‘liberation day’ tariffs answered

From “what is a tariff?” to “what has Trump announced?” and “what does it mean for Australian beef farmers and drug makers?” All your questions answered.

March

China has been ranked as Australia’s top trade partner for 16 consecutive years.

Amid trade wars, China’s open markets are a win for Australia

China will continue to deepen reforms and promote opening up high-standards trade, creating greater opportunities for co-operation between our two countries.

Macquarie’s Viktor Shvets says investors now find themselves in a 1930s world.

Macquarie’s Viktor Shvets sees a world on fire. Here’s how to play it

Investors have been slow to wake up to the scale of change Donald Trump is trying to engineer, in part because it seems so wild. But inertia could be costly.

Wall Street says Trump’s America a big opportunity, in the long run

The chief executives of Blackstone and Goldman Sachs were optimistic about the US economy despite the new administration’s seismic economic changes.

February

Both Australia and Canada have much in common including being highly urbanised, services-driven, and dependent on international trade as a source of growth and continued economic prosperity.

Here’s why Australia-Canada ties matter more than ever

Challenges abound as the Trump administration aims to rewrite global trade rules.

Trump’s tariff war will force investors to recalculate their assumptions.

Trump’s trade war could hit inflation, rates, and growth in Australia

The pressure is on the Albanese government to negotiate the same deal the Turnbull government did in 2018, which exempted Australia from steel and aluminium tariffs.

US President Donald Trump with Chinese President Xi Jinping during the G-20 summit in Osaka last year.

How China is turning Trump’s tariff war into a win

Rising US protectionism may prove to be an opportunity for Beijing to further improve trade ties with America’s frustrated allies.

January

The Panama Canal (pictured) has been criticised by US President, Donald Trump, as being operated by China.

Trump is wrong: Climate change, not China, is the threat to Panama Canal

Any loss of capacity, which is more likely to be caused by drought will ripple through supply chains and push up costs in Australia.

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November 2024

Packaging group Amcor is good for a big deal every decade. This decade is its biggest yet.

Amcor’s whopper $76b tie-up shows it’s ready to rule the world

It’s one of the biggest deals of the year – and the financial numbers are eye-catching. Imagine $US650 million in synergies.

Trump’s second term is expected to fundamentally shake up the global trade map.

Five macro trends to watch in Trump’s new world order

As economists and strategists scramble to forecast the likely impact of Donald Trump’s next four years in office, one thing remains sure – it’s going to be big.

August 2024

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Multinationals sound alarm over weak demand in China

Weak demand in China has been a feature of half-year earnings across much of the global consumer goods sector.

July 2024

Dmitry Grozoubinski, a Geneva-based former Australian trade negotiator, and author of ‘Why Politicians Lie About Trade’.

This could be the funniest business book you’ll read all year

Former Australian trade negotiator Dmitry Grozoubinski has written a tome about international trade policy. And for that, he’s very, very sorry.

May 2024

Joe Biden.

America is undermining global rules, not defending them

Washington should dial down its claim to be protecting an international order that is clearly in decline, and instead talk up its defence of the free world.

Original URL: https://www.afr.com/topic/globalisation-1mp0