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The Australian share market (ASX) has already responded negatively, with a reported $20 billion drop today, reflecting investor anxiety about the impact of ongoing trade tensions. The situation underscores the importance of Australia engaging directly with policymakers in Washington to advocate for measures that can buffer against negative fallout.
The Need for Diplomatic Engagement
Given the stakes, Prime Minister Albanese is urged to prioritize securing a meeting with President Trump or his representatives. Greater diplomatic access could help Australia negotiate finer terms or seek exemptions for critical industries like pharmaceuticals and technology.