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…
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…
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…
Australia has welcomed what the Department of Defence described as ‘the significant and tangible steps’ made by the United States Government to further streamline export control licensing requirements for AUKUS trilateral partners. The announcement of a licence-free environment between Australia, the United Kingdom and the United States will revolutionise collaboration and enable unprecedented levels of…
BlueScope’s weak US sales hit profit Steelmaker BlueScope has cut expectations for 1H VY24 EBIT to be in the range of $620 to $670 million, down from previous guidance of $700 to $770 million. The main driver of the change is the company’s US North Star operation, which is now expected to be half the…
