Tag #Us-Australia Trade

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Trump Threatens 250% Tariff on Australian Pharmaceuticals

President Trump threatened a 250% tariff on Australian pharmaceuticals, impacting \$2.1 billion in 2024 exports; this follows his ultimatum to 17 pharmaceutical companies to lower US prices, which are almost four times higher than in Australia due to the Pharmaceutical Benefits Scheme (PBS), a syste...

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smh.com.au
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Australia Lifts US Beef Import Ban Amid Trump's Criticism

Australia lifted its ban on US beef imports, a move the government claims is science-based but which coincided with President Trump's public criticism of Australian trade policies, potentially improving US-Australia relations but with uncertain impacts on tariffs.

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US Imposes 10% Tariff on Australian Exports

President Trump imposed a minimum 10% tariff on all Australian exports to the US, citing Australia's biosecurity laws, particularly a ban on US beef imports, as justification; Australian Prime Minister Anthony Albanese called the tariffs "totally unwarranted", and said Australia would not retaliate.

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US Pharma Giants Seek Punitive Tariffs Against Australia Over Medicine Subsidies

American pharmaceutical giants are pushing for $18 billion in punitive tariffs against Australia over its Pharmaceutical Benefits Scheme (PBS), which they say cuts medicine prices and blocks American exports, with a decision expected next month.

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Australia Seeks US Tariff Exemption, Emphasizing Mineral Supply and Trade Ties

Following high-level meetings in Washington, Australia awaits President Trump's decision on whether to grant an exemption from his planned 25 percent tariffs on steel and aluminum imports, starting March 12. Australia highlighted its reliable supply of critical minerals and strong trade relationship...

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Partnerships for the Goals
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2019 G20 Dinner: US-Australia Trade Tensions

At a 2019 G20 dinner, US trade advisors accused Australia of violating tariff agreements, leading to a tense negotiation where Australia refuted claims with data and offered voluntary export restraints to maintain tariff exemptions.

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smh.com.au
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Australia Allows US Beef Imports Amidst Trade Tensions

Australia has allowed US beef imports after a decade-long review, despite concerns over biosecurity risks and accusations that the decision was made to appease the US in trade negotiations, potentially influencing future trade relations.

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smh.com.au
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Australia to Use Critical Minerals to Negotiate Removal of US Tariffs

Top Australian biosecurity officials refuted US claims that Australia's strict biosecurity rules unfairly block US beef imports, prompting a 10 percent tariff on Australian goods; the Australian government plans to leverage critical mineral supplies to negotiate the tariff's removal.

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US to Impose \$7 Billion in Tariffs on Australian Farm Exports

The Trump administration is poised to impose tariffs of 10 percent or more on \$7 billion of Australian agricultural exports, including beef, due to disagreements over biosecurity and pharmaceutical pricing; Prime Minister Albanese and Opposition Leader Dutton have rejected weakening these policies ...

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Trump Imposes Tariffs on Australian Steel and Aluminum

The Trump administration imposed 25% tariffs on Australian steel and aluminum imports, prompting criticism from Australian Prime Minister Anthony Albanese who called the move "entirely unjustified". The tariffs affect 0.2% of Australian exports to the US, but concerns exist about broader trade relat...

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theguardian.com
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Trump Advisor Accuses Australia of Harming US Aluminium Industry

President Trump's trade advisor accuses Australia of "crushing" the US aluminium industry with imports, prompting the Albanese government to seek tariff exemptions amid claims of a broken agreement by the former Morrison government; the US aluminium industry operates at 50% capacity while Australia'...

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Navarro Accuses Australia of Flooding US Aluminum Market, Despite Data Showing Otherwise

President Trump's trade advisor Peter Navarro falsely accused Australian aluminum companies of being controlled by China and flooding the US market to justify 25% tariffs, a claim rejected by economists and contradicted by US trade data showing Australia as a minor exporter compared to Canada and ot...

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Showing 1 to 12 of 12 results