Part 4/8:
Many argue that Australia's respite is largely due to diplomatic luck rather than skillful negotiation. The reality is that the US’s tariffs on Australia were somewhat predetermined, and America's strategic leverage remains formidable.
What Does This Mean for Australia's Trade Strategy?
Trade Minister Don Farrell suggested that Australia would continue diplomatic efforts to have these tariffs removed entirely. Yet, critics highlight that Australia lacks significant bargaining chips—particularly as the country has refused to alter some key domestic policies.