Australia’s best defence isn’t to retreat from open trade, but to strengthen and diversify the rules-based system that supports it.
- Senior Research Fellow, Institute for International Trade, Adelaide University
A landmark trade deal is within reach - but could still fall over if one quota can’t be agreed.
The new agreement will affect the lives of 2 billion people across economies representing about a quarter of global GDP.
Trump appears to be transforming strategic national security decisions into transactional deals where everything has a price.
The old system of US-led multilateralism has ended. What will replace it remains unclear.
When keeping score, you aren’t supposed to add ‘own goals’ to your own tally.
Trump believes the United States holds all the cards in trade talks. That’s not necessarily the case.
Negotiations will continue while lower tariff rates are in place for 90 days. But free trade belongs to a bygone era.
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