Craig Emerson massively over-egging impacts of deteriorating relations with China by telling us that iron ore is at risk. Sure, by 2030.
Of course, there’ll be an adjustment as other exports fall way but we’ll be fine as the AUD craters and boosts exports to other nations. Commodities are fungible.
The only thing “stupid” here is Labor’s inability to grasp that there is no economic engagement with China without the CCP corruption, violations of sovereignty and repudiation of ANZUS.
That’s China’s choice not ours and we’ll have to live with it.
Decoupling is here. Get over it.