Summary
The U.S. imposed a 29% tariff on Norfolk Island, nearly triple the 10% rate applied to the rest of Australia, with no explanation from the White House.
Australian Prime Minister Anthony Albanese expressed confusion, noting Norfolk Island’s limited economic activity. The territory has a population of about 2,000 and minimal exports.
Other remote territories like Christmas Island and Heard and McDonald Islands also received tariffs, though the latter are uninhabited.
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He thinks the trade deficit is a debt between two countries not the difference in trade between them.
Trump’s child-like mind can only understand win-lose trade agreements. He can’t fathom a win-win, or a lose-lose.