Tag: Tariffs
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AUKUS on agenda for PM, Trump meeting in US
Prime Minister Anthony Albanese will aim to shore up US support for AUKUS and a potential tariff exemption ahead of his crucial meeting with US President Donald Trump at the White House. The prime minister will land in Washington on Monday afternoon (AEDT) before his meeting with the US president at the White House the…
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Trump slugs new tariffs on pharma, trucks – even the bathroom sink
President Donald Trump has taken aim at a broad range of imported goods in announcing a new round of punishing tariffs, saying the US will impose 100 per cent duties on imported pharmaceutical drugs, 25 per cent tariffs on heavy-duty trucks and 50 per cent tariffs on kitchen cabinets. Trump has launched numerous national security…
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Aus Post halts US deliveries amid Trump tariff confusion
Australia Post announced the extraordinary temporary ban on Tuesday. It is effective immediately. The government-owned entity’s decision is in response to the US government’s recent imposition of customs and import tariffs on parcels sent to America. The changes include the US suspending the “de minimis” exemption for inbound goods worth less than $US800 (about $A1200),…
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Aussie beef a hot commodity as US imports hit a high
US demand for Australian beef looks set to skyrocket as drought, disease and hefty tariffs hit other top cattle-producing countries. Australia exported more than 43,000 tonnes of beef to the United States in July, the highest volume since October 2024, according to a Bendigo Bank Agribusiness commodity report released on Tuesday. The extra demand came…
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Trump tariffs: Challenges and opportunities for SA businesses
After a 90 day pause, US President Donald Trump announced the ‘final’ level of reciprocal tariffs. These fell largely into three baskets. The first, of which Australia is one, are those countries who have a trade deficit with the US and they, more or less, remain at the baseline 10 per cent rate. The second…
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Trump says he plans 100pct tariff on computer chips
The United States will impose a tariff of about 100 per cent on semiconductor chips imported into the nation, President Donald Trump says. “We’ll be putting a tariff on of approximately 100 per cent on chips and semiconductors,” Trump said in the Oval Office while meeting with Apple chief executive Tim Cook. “But if you’re…
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Australia spared from higher Trump tariffs
Australia will be spared from higher tariffs after the Trump administration announced new levies for dozens of countries. The White House on Friday, Australian time, revealed the US president’s decision to hike import taxes for products from nations that “failed to engage in negotiations with the United States or to take adequate steps to align…
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Aus drops major barrier to US beef imports
Australia has opened the door to more US beef imports by lifting biosecurity restrictions, as the government seeks ways to dampen the blow from Donald Trump’s tariff regime. The federal government revealed the changes on Thursday while stressing that the decision followed a decade-long science-based review. “The Albanese Labor government will never compromise on biosecurity,”…
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US tariffs on pharmaceuticals loom
One of Australia’s biggest exports to the United States could be slapped with triple-digit tariffs after Donald Trump vowed to expand his trade war. The US president has laid out plans to impose 200 per cent tariffs on drug imports in a year’s time, threatening Australia’s third-most significant export to America. Trump’s proposal comes after…
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PM offers tariff warning as US expands trade hits to allies
Prime Minister Anthony Albanese has again warned tariffs punish the country imposing them, as US President Donald Trump hiked levies on exports from Australia’s most important trade partners. Earlier on Tuesday (Australian time), Trump unveiled 25 per cent tariffs on goods from Japan and Korea, which are Australia’s second and third biggest export markets and…