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Show Notes
Trump's inane trade war will hit US consumers - inflation, plus the world economy. Why is he doing it? Political bribes, sorry donations, data is out, and we check Rex Patrick's FOI jihad. Where will we dumping that American nuclear waste?
Summary created by Chatgpt:
Donald Trump has launched a trade war, imposing tariffs on Canada, Mexico, China, and Europe. These tariffs are effectively taxes that push up prices on food, fuel, and goods, hurting both businesses and consumers.
Markets have reacted negatively, with rising inflation likely to impact Australia through higher costs and reduced demand from China—our biggest trading partner. The video warns that escalating tensions could even lead to military conflict, with Australia, as usual, backing the US. Additionally, it highlights concerns over Australia's role in nuclear waste disposal under the AUKUS deal. The message: trade wars benefit no one.