PDF said: The point I was trying to make is you can't "just sell to another nation". Developing new markets to sell to takes time and might not exist all together for the product you are selling. If a company can sell their goods to another country, they are likely already attempting to do so. If they aren't its likely because there is not enough of a market in the country to economically feasible. Sure, China (greatly slowed), India, & Africa, all have growing markets but it will still take decades for them to be fully realized. The impact of not selling to Americans will be immediate. Resulting in less revenue and job loss for companies. |
Except we (Australia) don't sell to Americans now for our main commodities.
We do import a lot of military contracts from the USA, most recently was boosted with the abandonment of the French submarine deal, but that can flip/flop and change if something of better value comes along.
80% of our resource commodities goes to China.
0.62% to the United States.
And this holds true for many other nations around the world. - Why trade with the USA when we can sell elsewhere?
We are making new markets by trading in the pacific and asian countries, Vietnam for example is a new Wine market for us and growing rapidly.
We have seen 25% increases in exports to india YoY for the last several decades.
As a nation, Australia is not reliant on the USA for trade or future trade and that's a good thing, many other nations are emulating the same by diversifying away from the USA, especially the UK/Europe.
UK for example has the European Bloc as it's largest trading partner and that will likely accelerate with Tariffs.
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