erolz66 wrote:Paphitis wrote:Chy-na just got butfucked and will be reeling from this for decades now.
FWIW seems to me it is Trump handing Australia the lube as China slaps 80% tariffs on Oz agricultural products even as they agree to buy billions more from the US
Somehow I doubt you will agree but there are some out there who do.
We are not that worried about the tariffs.
We have a lot of resources to sell, and we have many countries lining up to buy. We don't have a shortage of demand on our resource sector.
Trading with the devil isn't something we Australians like to do. Australians are not for sale and will choose country over money. Right now, Chy-na has just shot itself in the foot, and right now, they are public enemy number 1. Australians will not sell their souls, or forgive Chy-na anytime soon for what they have done.
Now, the power is with the country that has a shitload of resources and energy to sell. Who is going to say no? The US, Russia, Japan, Korea, Vietnam, the EU?
As far as I am concerned, these sanctions are the best thing that has happened. i am actually in favour of a further escalation where all diplomatic ties are cut completely. What Australia should do is stop all exports of resources to Chy-na. They would be totally screwed!
They got no universities to send their students either. More opportunity for our Aussie kids.
The Chy-nese thought they can push Australia because they think that by buying 40% of our trade, we are easily pushed. But no! The Australian people don't want Australia to sell to Chy-na.
can anyone push countries like Australia and Saudi Arabia around? Not likely, when we keep the lights on. Why don't they cut Australia off completely? because we keep the lights on in Shanghai!
It's Chyna that needs the lube. they are being embarrassed internationally, and what is worse, their international credibility just disintegrated into thin air. Who the hell is going to want to be doing business with them now?