American and Australian officials are cautioning the Albanese government about the implications of its recent actions aimed at social media platforms.
These measures, which include a ban on social media for children under 16 and efforts to make US tech companies pay for local news content, could provoke former President Donald Trump to impose tariffs.
Australia’s $33 billion in exports to the US are specifically at risk if Trump retaliates.
Elon Musk, a confidant of Trump, publicly criticized Prime Minister Anthony Albanese regarding this new social media policy.
Musk’s remarks come as he is set to take on a senior role in Trump’s administration.
Ongoing tensions
The situation highlights ongoing tensions between the Albanese government and US tech interests, which could have significant economic repercussions.
As developments unfold, the Australian government may need to rethink its strategy in light of potential trade conflicts.
This issue is being closely monitored by economists and political analysts, given its far-reaching implications for bilateral relations.
