One of the inherent burdens of being a 2nd tier power is you cop lots of surrogate turf wars between the big boys on these shores so as they can nut out the issue without disruption in their big markets.
Oft times Big Brother steps in to preserve harmony in the neighbourhood, but the US Admin has been rather introspective for the last decade or so.
Que sera, sera.
At the moment diplomatic relations with China are as low as they have ever been and China is applying fairly restrictive trade restrictions and punitive tariffs because the locals had the temerity to support an open inquiry into the origins of COVID and to free navigation in the Taiwan Straits.
The humanitarian necessity of a COVID vaccine gets bundled up in the brouhaha.
US Ammo & Carnage Inc funded political opposition to the locals gun laws so that unwelcome precedents were not set Stateside. That one is largely neutered in even by what here passes for the Far Right.
Big Tobacco expressed it’s outrage at the incursion on it’s intellectual property and branding rights over the plain packaging laws. That one has been largely stared down.
Big Pharma demand that the local’s Pharmaceutical Benefits Scheme gets dismantled as a precondition to every AUS-USA trade talk. That one gets taken off the table early.
Now it’s the Big Tech who want continuing free access to local content whilst not paying local taxes.
From the BBC
Not all beer and skittles on this side of the puddle.
But standing up to bullies and coercion means the odd blood nose.
Carry on. 
No, this is not about taxes–this is about paying for news content. See the article. Traditionally Google offers two options: It links to news stories and the news media has advertising next to the news stories and makes money off this advertising or Google doesn’t link to the news stories at all. There is a robots meta-tag to deal with this:
I expect Google and the Australian government to reach a compromise.
I saw a youtube video on this topic about a month ago. The video discussed the backlash in Australia about Google aggregating weather, recipes, news, sports scores, etc. so people can get the information without ever clicking through to the original site - thus Google was getting the benefits and the content makers were not.
It’s both issues.
And if Google were not paying for the content, they might just have continued to do that if they paid out tax in an approximation of equality.
But the Feds are wedged between the local media wanting value for their content generation and the Tax Office wanting their cut, so for Google to make the threat to withdraw services showed a monopolist’s tin ear to the dynamics.
Now in response to that revelation of paying under 4% on sales revenue Google restructured it’s tax affairs and paid almost 3times the amount of tax last year, but even that was being paid on 1.2 billion local revenue which discounts 3.4billion revenue in Australian generated advertising which was siphoned off to Singapore.
So yes, there will be a negotiated outcome and that will set a precedent in other juridictions.
This batrachomyomachia might be gathering some force with the US Administration apparently buying in to the argument citing concerns about Australia’s international trade and security obligations.
https://www.reuters.com/article/us-australia-media-google-idUSKBN29N22D
Under the law, which has broad political support and is currently before a senate committee, Google and Facebook will be subject to mandatory price arbitration if a commercial agreement on payments to Australian media cannot be reached.
“The U.S. Government is concerned that an attempt, through legislation, to regulate the competitive positions of specific players … to the clear detriment of two U.S. firms, may result in harmful outcomes,” said in the document, under the letterhead of the Executive Office of the President.
It does need to be noted that the Office of The President referred to above was under POTUS XLV. The position of the Biden Office of the President has yet to be articulated.
Yet the dynamics of the free market work it’s wonders … over the hill comes Microsoft claiming to be wearing a bloody big white Stetson. This could be fun.
This is just lifting the ante in a negotiation that Facebook looks fated to lose because Google and Microsoft have agreed to pay for originators content and the proposed media code will follow in due course.
Earlier this week, Seven West Media announced a deal worth $30 million with Google.
Nine newspapers reported its own deal of $30 million on Wednesday. Nine has yet to formally confirm the deal.
Facebook is yet to announce any deals, but is currently negotiating with publishers.
Federal Treasurer Josh Frydenberg tweeted that he had a “constructive” talk with Facebook Chief Mark Zuckerberg this morning. 
This is “prisoners gambit” for Facebook.
If they concede every two-bit country on earth is going to want their slice of the dosh.
If they dig their heels in they are playing the freeloading, monopolist bully which the proposed media code targets