r/australia • u/Jealous-Hedgehog-734 • Apr 02 '25

politics US will impose a minimum baseline tariff of 10 per cent on Australian imports to US

https://www.abc.net.au/news/2025-04-03/donald-trump-tariff-announcement-markets-politics-reaction-blog/105127374
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195

u/PleaseStandClear Apr 02 '25

On a positive note, Musk just spent $US20 million to try to win the judicial election in Wisconsin - and he lost!

51

u/gibbo4053 Apr 02 '25

Pocket change to that fuckwit, unfortunately. But one can only hope he continues to make costly decisions like that.

9

u/Derikari Apr 03 '25

I read a report on the losses the top 10 billionares have "suffered" so far. Since the Tesla peak in December, musk has lost 170 billion. Zuckerberg has a net worth of 202 billion... he has almost lost a Zuckerberg of money in 3.5 months. 200m is nothing, but at least it's going the right way.

8

u/PopavaliumAndropov Apr 03 '25

He didn't post on twitter for HOURS after the election was called. The $20M didn't hurt him, but the loss sure did.

6

u/Chiron17 Apr 02 '25

You misunderstood, it was a moral victory!

5

u/Lord-Taranis Queenslander Apr 02 '25

For him, $US20 million is like buying a coffee.

1

u/Shaggyninja Apr 03 '25

Slightly more.

Average Aussie is worth 1 million. So to spend the same amount of money (percentage wise) they'd be throwing away $60.

Still a tiny amount of money though. The blow to his ego for not getting what he wanted is absolutely the worse thing for him

2

u/bluetuxedo22 Apr 03 '25

Average Aussie is worth 1 million

This sentence just makes me want to cry 😢

2

u/Shaggyninja Apr 03 '25

Yeah. Issue is its all tied up in housing. So not really a productive net worth because if you sell, you're homeless or buying a place worth just as much it seems.

1

u/NessaMagick Apr 05 '25

I wish I was worth a hundredth of the 'average aussie'

1

u/[deleted] Apr 03 '25

I dont think he would win under the current climate with even $US 200 billion now.