Malcolm Turnbull has announced a submarine building program that has an effective rate of protection of 300%. Yes 300%. That is the additional cost we will pay compared with buying at best price in the international market.   Yet Malcolm Turnbull is criticising Bill Shorten for ‘flirting with protectionism and questioning free trade’. Has he … Continue reading JOHN MENADUE. Malcolm Turnbull – Mr. 300%. (Repost from 18 November 2016) Continue reading »