Proposed Trump tariffs threaten to leave Australia behind competitors
Experts are warning Australia could fall behind competitors under new tariffs being proposed by the Trump administration. This comes after the US recently suggested imposing a 12.5 per cent tariff on Australia after an official investigation found it had failed to stop goods made with forced labour from entering its markets. Some of Australia’s competitors will face a lower ten per cent rate after the same inquiry found they had better measures in place. New modelling shows the advantage given to market rivals could cost Australia up to $1.6 billion a year in costs.
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