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You don't think being in a military alliance with the US, that a fascist coup of the US would have bearing on whether Australia would want to remain in said alliance?
As for American domestic politics, when the discussion is explicitly about "in the event of Trump winning re-election" how is that not about American domestic politics? As a partner to a treaty with the US, particular one that would obligate Australia to get involved in wars started by the US, US domestic politics are very much relevant as those are going to be a strong driver for the kinds of conflicts Australia is liable to be dragged into.
Wanting to ditch the treaty just because Trump won might be an overreaction, but it also might not. Any other president in US history it almost assuredly would be. Prior to Jan. 6th even, it would be. But Trump has not only said on multiple occasions that he wants to be president for life, not only repeatedly admitted admiration for Kim Jong Un, Vladmir Putin, and other dictators, but then attempted his own coup however badly organized and executed it was. ALL countries with military alliances with the US are going to want to take a real hard look at if the benefits out weigh the risks of continuing that relationship if Trump is re-elected. For many that calculus might not change immediately, but you can bet they're going to be watching 2028 like a fucking hawk assuming he wins in 2024, and if he does pull off the coup this time that's going to be a real bad time for basically everybody, because the US becoming a dictatorship is a deeply deeply scary proposition.
I don't think fearcasting into a land of dozens, or hundreds, of interdependent worst case hypotheticals is relevant to a discussion of whether immediately upon Trump's potential reelection, Australia will end its military alliance with America.
It's much more of a creative writing exercise, so why stop there?
In my version, China has expanded it A2/AD strategy to include Australian waters. In fact, they've forward deployed 2 carrier battle groups 50 nautical miles from Australia's northern coast.
And I could write pages more, worst case hypotheticals, to explain why in that world everything you're saying is irrelevant to the American Australian alliance. But, again, it's not relevant to the topic at hand,: it's creative writing, not foreign policy.
FYI anyone who has a just below surface level understanding of China's Three Island Chain Policy, A2/AD, and Wolf Warrior diplomacy, knows that my hypothetical is even slightly more likely then yours. NOT probable, but certainly plausible and requires a lot less to go wrong then your rise of the MAGA-Reich.
I'm not sure I'd say that's more plausible, but I certainly wouldn't say it's implausible, and it would definitely be something that anyone with a military treaty with China (or Australia for that matter) would want to take into consideration and have some plans for handling.
Right now, where the US is, is undecided. On the one side you've got essentially business as usual with the Democrats. On the other side you have two warring factions. There's the traditional GOP who would be more or less also business as usual. On the other hand though you have the MAGA who seem to be hell bent on barreling into a christo-fascist dictatorship. Things could tip any direction at this point, there's no way to really know. Everyone is hoping it goes pretty much any way but MAGA, although right now it's looking like the MAGA crowd have just about managed to muzzle the traditional GOP.
The issue as you pointed out in your original post wouldn't be Trump winning, it would be what comes after that. Nobody can see the future, so nobody can say for sure, but if you trust the things that Trump has actually said, the MAGA-Reich as you put it seems a highly probable future in that event. Even if Trump were to keel over dead the day after he was sworn in, the power the MAGA faction would have would still allow them to execute a coup, and in many ways that would be even worse. Trump is a bumbling moron, but he's apparently an amazing figurehead and his cult would never allow anyone to replace him while he's alive.
For Australia (not to mention NATO), a MAGA-Reich is basically a worst case apocalyptic scenario. Unlike with Nazi Germany I'm not sure short of complete nuclear annihilation if anyone would be able to stop the US. Depending on who they decided to attack first the rest of the world would be forced into making a call on how they want to play things, and there's no real winning choices there. They could stand on the sidelines, but that would likely make them a future enemy. They could join in as the treaties demand, but that's only going to embolden the US at that point. Lastly they could actively oppose the US, but that's going to be one hell of a fight, and most countries outside of an alliance between say China and some other major power aren't going to be able to go toe to toe there.
So yes, as I said previously, just saying "If Trump gets elected we should withdraw from the treaty" is probably premature and overreacting. However it's in Australia's best interest to have a plan ready to go in case the worst case happens with Trump, because a Trump win makes it more likely than not. Even a close Trump loss should probably cause US military partners to do some contingency planning.