251 points by doener 3 days ago | 215 comments | View on ycombinator
mindwok 3 days ago |
FlowingRiver 3 days ago |
This setup is why I call this place an equal opportunist whore. If we can do business with you, we will. I also call it the worlds largest Mining town, but that just acknowledging the reality of the place a little.
As much as many are going against the US, I don't think there is much constitution at the top here to make such a bold move. We will just be pottering around down here hoping all the bad stuff passes us by as nobody notices us.
nl 3 days ago |
Australia is economically served well by free trade: most of its production is low cost, high quality primary production of mining outputs and agricultural goods (grains, wool and meat) where if price and quality are the primary selection criteria it wins.
The downside of this is that Australia hasn't really got any significant manufacturing or advanced technology industry.
But it has made Australia one of the best performing economies of the past 25 years.
bjt12345 3 days ago |
Australia also has a huge problem with exports. For decades, China had huge demand for Australia's resources, particularly Iron Ore. However China is reducing this, so Australia needs a new plan.
ernsheong 3 days ago |
spiralpolitik 3 days ago |
I think they amended EFTA to require free movement which was a no-op as all the EFTA countries had free movement with the EU. I could see the EU agreeing to a NAFTA style workers visa if they really wanted push the freedom of movement side hence the 'lite' bit.
dude250711 3 days ago |
manyatoms 3 days ago |
jojobas 3 days ago |
mattoxic 3 days ago |
totetsu 2 days ago |
avazhi 3 days ago |
ChrisArchitect 3 days ago |
Danox 3 days ago |
kelt_row 3 days ago |
bhaak 3 days ago |
There is currently no such status as "associate member" defined in the EU treates although the idea of special status for not being a complete member was floating around for a while now.
Just calling it a "unique alliance" or "deepening of their relationship" wouldn't have had such a public effect.
Half of the right wing influencers on X is going bananas because when the US was "offering" Canada to join them, they said a firm "NO" but for the EU they are opening the door.
Trump even said when the Canada joins the EU as associate member, it could be considered a hostile act.
All that for a status nobody knows yet what it will entail. More than a simple trade deal, for sure, but also a lot less than a proper membership.
undefined 3 days ago |
hn_submit 3 days ago |
But he won't be there forever yet Canada will always be the U.S.' Northern neighbor, biggest trading partner and cultural big brother.
Carney is simply looking elsewhere for friends after being insulted by Trump who treats him like a subordinate and not someone of equal standing. He may even be foolish enough to cozy up to China.
As for Australia, I don't understand the vibe here. Trump hasn't mentioned Australia becoming a U.S. territory in any speeches I've heard. Again, maybe it's a general dislike for the man and his roughshod policies.
NDlurker 3 days ago |
bpbp-mango 3 days ago |
jmyeet 3 days ago |
As for Canada, nobody really knows what associate membership means. Given that EU freedoms are reciprocal I just don't see this going anywhere. Plus there's been a free trade deal with the EU on the table for a decade that hasn't been ratified.
As for redefining the world order, that's what this war of choice in Iran will amount to. In the short-to-medium term it's going to redefine the Gulf security architecture. The refusal to restrain Israel probably means Russia will swallow the eastern chunk of Ukraine they occupy.
And of course the big winner in all of this is China who have had to do absolutely nothing.
Empires don't die overnight and they die violently. This is going to be bad but I honestly see no way the US can restore its position as the global hegemon. It's influence has peaked. And I don't believe anything will reverse that.
So I don't know what this means for Australia. It has operated essentially as an American colonial outpost since the Cold War. The geography was once much more important to cover the sky for receiving satellite communications.
Selling raw resources is ultimately untenable for an economy (IMHO) but Australia has gone down the path of turning the entire economy into a massive Ponzi scheme of housing, like almost every other developed nation. When housing is the only logical investment, it dominates capital and lending and productive output falls off a cliff, which is exactly what happened.
bethekidyouwant 3 days ago |
kwhitlock 3 days ago |
486sx33 3 days ago |
temp3452 3 days ago |
whatsThisBtn4 3 days ago |
unixhero 3 days ago |
This seems to be shared by others, I remember reading there was a survey that asked Australians who they felt our closest international friend was. The US was the top answer for over a decade, having stolen the crown from the UK I think in the late 90s or something. Recently though, it switched to New Zealand.