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Suddenly Australia kissing some serious US booty. From the AFR:
Australia has backed growing calls for a revamp of global trade rules to defuse an escalating tariff war between the US and Europe and China, with Treasurer Scott Morrison calling for a broader review “of how the system has failed”.
…While there are no specifics on what changes are being mooted, they are likely directed at many of the key complaints that have been levelled – primarily by the US – against the WTO.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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