By Susan Stone, University of South Australia The past week has seen the United States single-handedly rewrite the underlying paradigm for global trade. And while it is fair to say that the methods are extreme, the underlying goal of the policy is not unique to the US. Indeed, the push to support, and expand, domestic…
By Felicity Deane, Queensland University of Technology US President Donald Trump has imposed a range of tariffs on all products entering the US market, with Australian exports set to face a 10% tariff, effective April 5. These import taxes will be charged by US customs on each imported item. The punitive tariffs on 60 countries…
Implantable hearing aid manufacturer Cochlear has said it is seeking clarification on the application of new tariffs on Australian exports to the United States. Its statement on Thursday morning swiftly followed the “Liberation Day” announcement by US president Donald Trump of tariffs on all importers to the US. Australian exports face the baseline rate of…
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…
Australian manufacturing conditions deteriorated further in March as political uncertainty and global trade disruptions weighed on business confidence, according to the latest Ai Group Australian Industry Index released on Tuesday. The Australian manufacturing PMI fell by 17.8 points to -29.7, deepening the sector’s contraction. This stands in contrast to the S&P Global Australia Manufacturing PMI,…
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…
The Australian Glass and Window Association (AGWA) has added to comments urging government action on cheap imports following the collapse of Australia’s only producer of architectural glass last week. In a statement on Thursday, AGWA said “serious consequences for Australia’s building sector and national housing supply targets” were risks unless more was done to shield…
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…
