Tough economic times sort out the successful global traders

The world shows that the latest data is among the export winners of Australia, while dealing with the turmoil of Trump’s irregular tariffs.

Calendar 2024 was a challenging year for large export countries. Low global economic growth, ongoing tariffs Donald TrumpThe first presidency of the disaster received a fee for supply chain cuts due to wars and high transportation costs.

Only two of the 35 wealthy countries in the Economic Cooperation and Development Organization (OECDLAST YOUR EXPORT LAST YEARS World bank Increasing exports regarding more than 2022 Gross Domestic Product (GDP). They were in Ireland and Sweden.

Australia export The goods in the 2024-25 years continued to gradually decrease from the 2022-23 summit last year, but remained over 500 billion dollars for the fourth plain year. So it’s not too miserable.
Fortunately, Australia also exports important volumes and values. service and goods. These include secondary and higher education, travel services, professional and management consultancy and intellectual property. Interestingly, they are not recorded by the Statistical Office ((Pessimistic) like export every month goods.

World Bank Australia

World bank Development Indicators Show the latest export and import results for 177 economies, including all OECD members. One of these 35 advanced economies has not been able to expand export of goods and services every year in the last five years. Most Covid went back in 2020 during the decline. The three exceptions of this – Ireland, Luxembourg and Lithuania – 2023 made a decline, it’s a bit strange.

Australia’s experience was abnormal because exports fell for three years between 2020-2022 – the only OECD member who did this. Since the registrations started in 1975, the other negative years have been 1981 and 2002, also Coalition Periods.

In the last two registered two years, only three developed economy has experienced positive growth of over 10%. They are Denmark, Costa Rica and Australia.

Eleven economies had a relatively solid expansion of 5-10%, seven grew less than that, 14 went backwards. So these are hard times. See the table below.

Australia’s third ranking on OECD export growth in 2024 continues in 17th, 18th and 2021 in 2018 within the scope of the coalition in 2017.

Both in Australia and the rest of the world, all export data over time confirms the consistent findings of the alternative media rejected by the mainstream news chambers that manage the economy much better than the coalition of the labor force.

Labor’s progress in trade agreements

. Albanian The government succeeded in normalizing diplomatic and trade relations with the European Union, China, India, Indonesia, South Korea, Solomon islands and other neighbors. Morrison Coalition.

Australia has now completed mutually useful trade agreements. United Kingdom– India– Thailand– New Zealand And United Arab EmiratesAnd he strengthened trade alliances elsewhere.

Currently, negotiations continue for improved trade treaties with the European Union, Canada, Peru, South Korea and Gulf states Bahrain, Kuwait, Oman, Qatar and Saudi Arabia.
These are even more critical because the US seriously disrupts the established global trade order.

Effect of Trump’s destructive tariffs

Corruption and increasingly mentally unbalanced US President’s unreasonable decisions affect the world irregularly.

So far, Australia seems to have benefited. An explanatory example is Brazil, its main rival in Australia’s supplying beef to the United States. Brazil launched a 50% Trump tariff on beef, based on Trump’s personal pain against the current reformer Lula da Silva For allowing the government’s friend, the former president Jair Bolsonaroto be tried in open court for corruption. This gives Australia a great advantage.

Latest trade report From ABS, with data until the end of June, Australia’s exports have expanded rapidly worldwide.

In 2024-25, the major trade partners who purchased 50% or more than the value in 2018-19 include Switzerland, Turkey, the United Kingdom, Canada, South Korea, Saudi Arabia, Singapore, Bahrain, Peru, Vietnam and Oman.

Among the partners who ordered more than 2018-19 are the US, Indonesia, Mexico, Portugal, Belgium, Brunei and Bangladesh.

Three times higher export countries Pakistan, Finland and Kenya.

Media attacks that prove that it is unfounded

Australia’s Craven Main Stream News Rooms have been conducting two criticisms of Trump’s attitude towards the USA since last January. First, Prime Minister Albanian defective Holding a face -to -face meeting with Donald Trump to suppress Australia’s case for tariff rates.

The second is former prime minister Kevin Rudd One obligation As the US Ambassador to the United States because of the denial of the past sharp criticisms, authoritarianism, separatist discourse and climate change denial of Trump’s character.

Considering Rudd’s expertise in Asian affairs and fluency in Mandarin, Rudd strongly condemned Trump’s stance against China.

Neither of them seems to be right. The government’s approach to Trump’s approach to tariff threats – the silent success of Australia, Minister of Trade Don Farrell– definitions like “Calm, calm diplomacy” – It works. Australia provided the minimum tariff level 10%. America’s only important trade partner RussiaThe president is now effectively dictating the US economic policy.

Australia, despite Rudd’s largest ambassador and Trump candidacy For Nobel Peace Prize or Free Personal luxury jet or other ruthless bribes now traded.

Although the full effects of Trump’s tariffs are unknown, Australians can be reasonably well -established optimism.

https://www.youtube.com/watch?v=rkvwh3KSJ4A

Alan Austin is an independent Australian columnist and free journalist. You can follow him on Twitter @Alanaustin001.

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