Where To Australia In Steel Subsidising?

The global challenge for 2026 is this: If anyone encounters a free market economy, immediately report it to the authorities, because it´s an endangered species in need of protection. In Australia, we spent much of 2025 (quite rightly) bemoaning the fact that our steel industry battles against the importation of products whose low prices are the result of government subsidies in their country of origin. We criticised China for offering tax breaks and low-interest loans to its steel manufacturers as incentives to sell their products abroad. We demonised such behaviour by using the pejorative term “communist” whenever referencing the Chinese government. Meanwhile, in the world´s largest “free” market, what are Trump´s tariffs if they aren´t a subsidy? His tariffs serve two purposes: they are a price barrier to importers; and are effectively a tax break to the local manufacturers. The very.