US president Donald Trump has announced a ten per cent tariff on Australian exports to his country, “starting at midnight tonight”*, with barriers to US beef exports singled out in his justifications. In a “Liberation Day” address on Thursday morning (Australian time), the president said there would be a broad-ranging tariff on all Australian goods…
By Lisa Toohey, UNSW Sydney “Unjustified” and “not the way that friends and allies should be treated”. That’s how Prime Minister Anthony Albanese and Foreign Minister Penny Wong have described the latest shot in United States President Trump’s trade war. Effective today, there is a 25% tariff on all imports of steel and aluminium into…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) “Make it here, ship it everywhere”: federal government announces $5 million for Australian Made The federal government has announced $5 million in new funding, which it says will make the Australian Made logo “more recognisable across the globe” and support new…
The Australian government has a job to do: to decide not just how we deal with President Trump’s intended tariff regime, but what we do with the responses to those tariffs from major manufacturing territories such as India, China, ASEAN and the EU. By Julie Harrison. The Trump administration has introduced tariffs in its first…
By Scott French, UNSW Sydney US President Donald Trump and Prime Minister Anthony Albanese have stated an exemption for Australia from Trump’s executive order placing 25% tariffs on all steel and aluminium imported into the US is “under consideration”. But prospects remain uncertain. Albanese would do well to secure an exemption using similar arguments as…
Tariff exemption consideration a welcome first step: Ai Group The agreement by US president Donald Trump to consider an exemption for Australian steel, aluminium and iron from a 25 per cent tariff is “a welcome first step to protect vital industries with more than 100,000 mostly regional jobs,” Innes Willox, Chief Executive of the Australian…
By Garritt C. Van Dyk, University of Waikato The day he took office for his second term, United States President Donald J. Trump unveiled his “America First” trade policy, including tariffs on imported goods from Mexico, Canada (both of which have since been paused) and China. President Trump’s reasoning for the tariffs included revitalising the…
By Scott French, UNSW Sydney In a hectic 24 hours of trade diplomacy, US President Donald Trump has paused his threatened 25% tariffs on US imports from Canada and Mexico, while keeping 10% tariffs on imports from China. Australian companies with operations in Canada or Mexico such as Rio Tinto, whose Canadian operations export billions…
The federal government is unconcerned about the future of the AUKUS agreement and the construction of nuclear powered submarines in Australia under a Trump presidency, and will press on with developing the workforce and infrastructure at the Osborne Naval Shipyard in Adelaide, according to Defence Minister Richard Marles. Marles, who is also Deputy Prime Minister,…
Rhythm receives R&D tax incentive refund Predictive cancer diagnostics technology company Rhythm Biosciences has received multiple tranches of its research and development tax incentive (RDTI), totalling $3.23 million. This total is made up of approximately $1.24 million in relation to FY23, being a second tranche of funds following the submission of an amended FY23 tax…