US globalism is in retreat and Australia’s fear of abandonment is more acute than in ages

The iconoclastic news whirlwind around Donald Trump points to a new US approach on the international stage: globalism and free trade are out. Spheres of influence are back in vogue. It’s not isolationism, it’s transactional mercantilism. But with Australia heavily invested in its US relationship we need to calmly undertake a net assessment: to weigh up what’s at stake while looking to engage with our region more fully.

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