China American Cold War Commodities Iron ore price

Forget subs. Ban iron ore to China instead

Tuesday 14 March 2023

I’ve given James Curran a fearful time for China-biased stances over the years. But, today, perhaps thanks to being a stopped clock, he is right about AUKUS turning Australia into the US’ 51st state:

AUKUS is a multi-generational commitment. Its domestic political appeal in the US, UK and here is obvious.

…Do we assume China will keep financing our acquisition of these submarines by importing more and more Australian resources and other exports?

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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.