Trump, Australia and Drug Tariff
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Australia’s total beef exports to the US rose significantly in June in the face of President Donald Trump’s new tariff regime, which saw the American leader specifically single out Canberra for refusing to accept adequate red meat imports.
The US is Australia’s biggest export market for pharmaceuticals. If the tariffs go ahead, manufacturing could suffer.
LAUNCESTON, Australia, - The planned 50% tariff on copper imports may turn out to be the biggest own goal of U.S. President Donald Trump's ongoing trade war with the rest of the world. Trump announced the tariff on Wednesday, saying it would become effective on August 1.
Secretary of State Marco Rubio met counterparts in Southeast Asia during his first visit to the region since taking office.
The US is set to impose a 50 per cent tariff on copper imports as early as late July, which could shake global supply chains but presents potential opportunities for Australia.
Australian goods may not be getting slugged with higher US tariffs, but that does not mean the country is getting the best deal possible, the opposition says.
Australia is “urgently seeking” more detail on President Donald Trump’s threat to impose 200 per cent tariffs on pharmaceutical imports to the US, Treasurer Jim Chalmers said. “These are obviously very concerning developments,” Chalmers told ...
Australia will likely still be subjected to the 10% tariff rate on all exports to U.S. but the government will continue to try and negotiate for an exemption, Australian Prime Minister Anthony Albanese said on Friday.
Australia stands to receive small but positive benefits from Donald Trump’s tariff war, however, a broader trade war would have “serious consequences”, a new report has found.