Even with growing disparity between the ultra wealthy and regular people most people in developed countries still score very highly for human development with a lot of freedoms, access to health, education and live reasonably prosperous lives by historical standards.
Its been a long time since most of us saw widespread famine or war or plagues decimating our populations. There is good reason to demand more social and economic progress which you would think would increase the appeal of that and not the politics of self destruction. There is no sane reason to burn it all down for most people.
Yet fascism still seems to be in a massive resurgence. Something really odd is happening. There is a huge information war that has seriously undermined society. It has taken over many religious groups, outsider groups like conspiracy believers and alt health, and conservative leaning parties. It is in online gaming and image boards and normie social media. It preys on socially immature young men, appealing to their insecurities. It preys on people looking for spiritual connections and community. Seeing peace and love hippies standing side by side with Christians and full on Nazis is fucking weird but I saw it during COVID.
The fascists were always there but they were not a political force and there is no reason they should ever be again. Not sure why it is happening or why we are letting it happen. It is certainly not in our interests. It always ends badly.
Australia doesn't give a shit about trade with the US. They are less than 5% of our exports. They are the ones that lose in a trade war.
We care about trade with China and when China got petty and Trumpish we handled it fine by diversifying markets until they got over their hissy fit and returned to their senses.
Often the US is an aggressive competitor in our export markets and if they score some own goals in trade wars our exporters will take the advantage just like they do to us whenever they can.
The real problem is what this idiocy does to the global economy as that impacts everyone.