Part 7/10:
From a strategic standpoint, the U.S. seems to be adopting a "start high, go low" approach, as exemplified by President Trump's negotiations style. Although the initial tariff was set at 10%, there is a strong possibility that this could increase as the U.S. attempts to maximize concessions, especially given the current geopolitical climate.
Phillips notes that predicting the final outcome remains highly uncertain. The U.S. could settle for a lower tariff, or it might push for higher rates in an attempt to extract more from Australia. The complex relationship between the two countries, characterized by goodwill and strategic partnership, adds further unpredictability.