Trump Taxes Penguins - And the History of Protectionism in Australia

President Trump has imposed tariffs on imports from a lot of countries around the world - but for some reason has singled out Heard and McDonald Islands as a separate place to Australia on the list of "countries" affected. Who lives there? No one. Except penguins.So, what is a tariff? What is protectionism? And how will this affect the local penguin economy? Well, here's an explanation combined with a brief history of how protectionism was also central to Australia's inception and how it shaped our modern political parties, and also how we eventually decided to phase it out in favour of free trade.Support the channel on patreon here: https://www.patreon.com/AuspolExplainedLike Auspol Explained on Facebook: https://www.facebook.com/Auspol-Explained-107892180702388Music: Blue Sizzle by Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 4.0https://creativecommons.org/licenses/by/4.0/Auspol Explained would like to acknowledge the Whadjuk Nyoongar people and their Elders as the owners and custodians of the Land that the episode was recorded and edited on. This Land was stolen and never ceded. It always was and always will be Aboriginal Land.