Australia announced it will reduce restrictions on U.S. beef imports in a move U.S. President Donald Trump's administration claimed as a major victory over "non-scientific trade barriers."
"If they used to be a country that was known to be a leader in culture, the economy and the perception of being good, I feel like the US is now a threat to geopolitical balance," says Sim, expressing a shift in feelings toward the US amidst tariff threats.
Any formal move against Fed Chair Powell could fuel significant volatility across global markets, impacting Treasury yields, the dollar and broader financial stability.
These changes mirror similar safeguards adopted by the European Union and are intended to shield UK producers from unfair competition and unsustainable price pressures caused by heavily subsidised foreign steel.
