Following the European Commission’s announcement of plans to halve the quota of tariff-free steel imports and apply a 50 per cent tariff beyond that, the Australian Steel Institute (ASI) has urged against panic, saying there were “no surprises” in the news and that the plan has yet to be ratified. This week the EU proposed…
By Nicola Charwat, Monash University Until this week, thousands of Australian small businesses that exported to the United States relied on a simple system that had worked for decades. Parcels worth less than US$800 (A$1225) could enter the US tax-free under the “de minimis” rule for low-value goods. But from August 29, that exemption will…
By Joe Carrello, The University of Melbourne US President Donald Trump’s proposed tariffs on Australia’s pharmaceutical exports to the United States has raised alarm among industry and government leaders. There are fears that, if implemented, the tariffs could cost the Australian economy up to A$2.8 billion. That’s both in direct exports and as inputs to…
US President Donald Trump has flagged a possible 200 per cent tariff on pharmaceuticals and a 50 per cent tariff on copper, as the ABC reports, with potential significant implications for Australian manufacturers. Speaking to media before a cabinet meeting, Trump said pharmaceutical producers would receive a grace period to move production to the United…
By Scott French, UNSW Sydney Just one day after the US Court of Appeals temporarily reinstated the Trump Administration’s Liberation Day tariffs of between 10 per cent and 50 per cent on nearly every country in the world, Trump announced tariffs on all US imports of steel and aluminium will increase from 25 per cent…
Wire arc additive manufacturing business AML3D has reported breaking even in operating cash flow terms for the quarter ending March 31, benefiting from strong US market growth underpinning $2.5 million in customer receipts for the period. According to a statement from the machine builder on Monday, it also “more than doubled investment in its US…
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…