Farmers fear Donald Trump's US election promise of global tariff could cause 'big issue' for Australia
1 month, 4 weeks ago

Farmers fear Donald Trump's US election promise of global tariff could cause 'big issue' for Australia

ABC  

Australian farmers and some of the nation's biggest companies could face the burden of significant tariffs on goods exported to the United States from next year. US president-elect Donald Trump successfully campaigned on a promise to introduce an across-the-board tariff of either 10 or 20 per cent, which would represent a dramatic shake-up of current trade arrangements. Tariff on Chinese imports 'big issue' for Australia A 60 per cent tariff on Chinese goods could hurt Australian iron ore exports to China. Import tax on beef could impact food prices Beef exports are at record levels, but a US tariff could take the edge off that over time. Lamb and mutton exports hit record levels this year and, according to Meat and Livestock Australia, the US is the largest market for Australian beef and lamb.

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History of this topic

China warns ‘no one will win’ if Donald Trump starts trade war
1 month, 2 weeks ago

China warns ‘no one will win’ if Donald Trump starts trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China shot back at Donald …

Australia raised fair trade in Trump phone call, says PM Albanese
1 month, 3 weeks ago

Australia raised fair trade in Trump phone call, says PM Albanese

Hindustan Times  

By Kirsty Needham Australia raised fair trade in Trump phone call, says PM Albanese SYDNEY, - Australia's Prime Minister Anthony Albanese said he told U.S. president-elect Donald Trump in a phone call the United States has a trade surplus with Australia and it was in Washington's interest to "trade fairly" with its ally. Giving detail of last week's phone call …

Why Aussies with a mortgage could be in for more pain after Donald Trump's election victory
2 months ago

Why Aussies with a mortgage could be in for more pain after Donald Trump's election victory

Daily Mail  

Donald Trump's election victory could deprive Australian home borrowers of rate cuts, a former Reserve Bank board member fears. Donald Trump 's election victory could deprive Australian home borrowers of rate cuts, a former Reserve Bank board member fears Australia is already struggling with high services inflation but a new wave of American-led protectionism could also lead to higher goods …

Australia prepares for Trump
2 months ago

Australia prepares for Trump

ABC  

Sally Sara: Trade protectionism is now back on the agenda as Donald Trump prepares to return to the White House. David Estcourt: Last time Donald Trump entered the White House, Australia negotiated tariff exemptions. David Estcourt: The main target of Donald Trump's tariffs will be China. David Estcourt: Foreign Minister Penny Wong says the relationship between the United States and …

As Australia's powerhouse mining state reliant on China, here's how Donald Trump's victory could impact WA
Trending News
2 months ago

As Australia's powerhouse mining state reliant on China, here's how Donald Trump's victory could impact WA

ABC  

The return of Donald Trump to the White House has sparked intense debate 15,000 kilometres away from the action inside Australia's economic powerhouse — a place so heavily reliant on mining, oil, gas and China. In advocating for a Kamala Harris victory on the eve of the US election, Western Australia's premier warned of the "dark roads" the now President-elect …

From mass deportations to huge tariff hikes, here's what Trump's economic program would do to the US and Australia
3 months ago

From mass deportations to huge tariff hikes, here's what Trump's economic program would do to the US and Australia

ABC  

It's time to take Donald Trump seriously. The three Trump promises with the greatest economic impact are the deportation of millions of US residents steep restrictions on imports, especially from China presidential influence over interest rates The best way to model the consequences is with an established model of the kind used by the International Monetary Fund and central banks …

US demand for Aussie beef soars 75 per cent, as drought leaves US herd at lowest level since 1950s
5 months, 1 week ago

US demand for Aussie beef soars 75 per cent, as drought leaves US herd at lowest level since 1950s

ABC  

The United States has an "insatiable appetite" for beef and is currently Australia's largest export market ahead of Japan and China. "So Brazil reached its quota of beef to the US within the first three months of this year, but they're still shipping beef outside of that quota and paying a duty of 26.4 per cent because it's still a …

Australia anticipates China will lift final obstacle for exports as they ease past 2020 row
6 months, 4 weeks ago

Australia anticipates China will lift final obstacle for exports as they ease past 2020 row

Associated Press  

CANBERRA, Australia — Australian Trade Minister Don Farrell on Wednesday predicted the final obstacle for exports to China, Beijing’s ban on live lobster imports, will be lifted soon after Chinese Premier Li Qiang visits the country. Prime Minister Anthony Albanese, who in November became the first Australian government leader to visit Beijing in seven years, said Li’s visit was symbolic …

Australia anticipates China will lift final obstacle for exports as they ease past 2020 row
6 months, 4 weeks ago

Australia anticipates China will lift final obstacle for exports as they ease past 2020 row

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Australian Trade Minister Don Farrell …

China lifts ban on Australian beef exporters in the latest sign of thaw
7 months, 1 week ago

China lifts ban on Australian beef exporters in the latest sign of thaw

Al Jazeera  

Move follows lifting of restrictions on imports of Australian coal, timber and barley. China has lifted an import ban on five Australian beef producers, the Australian government has said, the latest sign of a thaw after years of strained ties between Beijing and Canberra. This is welcome news for our producers and affirms the calm and consistent approach taken by …

Australian beef exports to China can resume after trade war suspension, minister says
7 months, 1 week ago

Australian beef exports to China can resume after trade war suspension, minister says

ABC  

Five major Australian beef exporters suspended from exporting meat to China can now resume, Agriculture Minister Murray Watt has confirmed. Beef industry looks to resume China trade after COVID bans Photo shows cattle in a holding pen Despite the sour political ties, beef trade tensions appear to be easing between Australia and China in 2024, as more export restrictions lift …

China lifts punitive tariffs on Australian wine
9 months, 1 week ago

China lifts punitive tariffs on Australian wine

The Hindu  

China said on Thursday it would lift punitive tariffs on Australian wine, as trade ties improve between the two countries after years of tension, with Canberra soon afterwards announcing it would drop its case against Beijing at the World Trade Organization. "The re-entry of Australian bottled wine into the Chinese market will benefit both Australian producers and Chinese consumers," Australian …

China lifts heavy tariffs placed on Australian wine during Covid in sign of improving ties
9 months, 1 week ago

China lifts heavy tariffs placed on Australian wine during Covid in sign of improving ties

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China on Thursday said it …

China's government officially abolishes heavy tariffs on Australian wine
9 months, 1 week ago

China's government officially abolishes heavy tariffs on Australian wine

ABC  

In short: China's government has officially abolished heavy tariffs on Australian wine, as Beijing gradually unwinds the trade barriers it placed on around $20 billion of Australian exports in 2020 and 2021. China's government has officially abolished heavy tariffs on Australian wine, as Beijing gradually unwinds the trade barriers it placed on around $20 billion of Australian exports in 2020 …

China to remove tariffs on Australian barley as ties improve
1 year, 5 months ago

China to remove tariffs on Australian barley as ties improve

The Hindu  

China said Friday it will remove extra tariffs on Australian barley, in the latest thawing of ties between the two after years of tensions. But on Friday, China's commerce ministry said it was "no longer necessary to continue to impose anti-dumping duties and countervailing duties on imports of barley originating in Australia in view of changes in the Chinese barley …

China reopens trade in Australian barley in a new sign of improved relations
1 year, 5 months ago

China reopens trade in Australian barley in a new sign of improved relations

Associated Press  

CANBERRA, Australia — China is lifting a stifling 3-year-old tariff on Australian barley starting Saturday — a sign of an improving bilateral trade relationship since Australia’s government changed. China effectively closed its door to Australian barley in May 2020 by imposing an 80.5% tariff after the previous Australian government angered Beijing by calling for an independent inquiry into the origins …

Australia and European Union fail to reach free trade deal despite visit to break deadlock
1 year, 5 months ago

Australia and European Union fail to reach free trade deal despite visit to break deadlock

ABC  

Australia and the European Union have failed to resolve five-year-long negotiations on a planned free trade agreement worth almost $100 billion. Key points: Australia's trade minister travelled to Brussels this week in an attempt to break the deadlock The EU wants to restrict Australia from using names including prosecco and feta Australia wants the deal "to achieve meaningful agricultural access …

The Australia-China Barley Spat
1 year, 7 months ago

The Australia-China Barley Spat

The Diplomat  

April saw some slight movement on Australia and China’s dispute over barely. Beijing has insisted that it is up to Australia to create a “better atmosphere,” yet to Australian ears this sounds like submission to Beijing’s desires. This is something that Australia is unwilling to do, but the government has found a path that makes the relationship functional without scratching …

China lifts ban on Australian timber imports in another sign of improving bilateral relations
1 year, 7 months ago

China lifts ban on Australian timber imports in another sign of improving bilateral relations

The Hindu  

Canberra China opened its doors on May 18 to Australian timber imports for the first time in more than two years, in another sign that the tattered bilateral relationship is being repaired. Timber was on a list of Australian exports subjected to official and unofficial Chinese trade barriers imposed in 2020 after Australia called for an independent inquiry into the …

Australia’s exports to China hit record highs as barriers ease
1 year, 8 months ago

Australia’s exports to China hit record highs as barriers ease

Al Jazeera  

Exports of Australian goods to China hit $12.71bn in March, up nearly one-third from year earlier. Australia’s exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry and lowered barriers to thermal coal shipments amid thawing diplomatic relations. Data released on Thursday showed exports of Australian goods to China …

China-Australia Trade War Shows No Sign of Abating
1 year, 9 months ago

China-Australia Trade War Shows No Sign of Abating

The Diplomat  

On February 6, China and Australia’s top trade officials met, albeit virtually, for the first time since 2019. Chinese leader Xi Jinping wants everyone to believe that his meeting with Australian Prime Minister Anthony Albanese last November came about because Australia – not China – has changed. China and Australia signed a free trade agreement in 2015, cementing a strong …

Trade pact unlocked enormous potential, says Australian PM
1 year, 9 months ago

Trade pact unlocked enormous potential, says Australian PM

The Hindu  

Visiting Australian Prime Minister Anthony Albanese in Mumbai on Thursday said the India-Australia Economic Cooperation & Trade Agreement, which recently came into force, has unlocked enormous potential in the relationship between the two countries. “It gives Australian businesses far greater access to the mighty Indian economy, a market of some 1.4 billion people and one of the world’s fastest growing …

India, Australia Sign Landmark Free-Trade Deal, 1 Million Jobs to be Created. Details Here
2 years, 9 months ago

India, Australia Sign Landmark Free-Trade Deal, 1 Million Jobs to be Created. Details Here

News 18  

India and Australia on Saturday inked the India-Australia Economic Cooperation and Trade Agreement in a virtual ceremony attended by Prime Minister Narendra Modi, his Australian counterpart Scott Morrison, commerce minister Piyush Goyal and his counterpart Dan Tehan. @DanTehanWannon @PiyushGoyal #dosti pic.twitter.com/KktgqAm9ZN— Barry O’Farrell AO April 2, 2022 Speaking on the occasion, Australia Prime Minister Scott Morrison said that the trade …

World Trade Organization appoints panel to rule on Australia China wine dispute
2 years, 9 months ago

World Trade Organization appoints panel to rule on Australia China wine dispute

ABC  

The international trade umpire has appointed panellists to adjudicate Australia's battle with China over wine export tariffs. Key points: An independent panel of three experts will adjudicate Australia's dispute with China over wine export tariffs Last year, China introduced anti-dumping duties of up to 218 per cent on Australian wine Trade Minister Dan Tehan says Australia remains open to further …

Australians buy a record quantity of imports from China
2 years, 11 months ago

Australians buy a record quantity of imports from China

Daily Mail  

Australia is relying on China for everyday goods even more than before with imports surging to record levels despite strained diplomatic relations. The Omicron surge has In the year to November, Australia bought a record $89.8billion worth of imports from China, marking an 8.3 per cent annual increase. Last year also saw a Chinese-owned car brand make the top ten …

Chinese official declares Beijing has targeted Australian goods as economic punishment
3 years, 6 months ago

Chinese official declares Beijing has targeted Australian goods as economic punishment

ABC  

A Chinese official has openly declared that Beijing has singled out Australia for economic punishment, saying the federal government cannot profit from China while "smearing" it. Key points: The rift between China and Australia has deepened in 2021 after a turbulent 2020 There are tensions over foreign interference, the COVID-19 outbreak and human rights abuses In the past Beijing, claimed …

Australia to refer China to the World Trade Organization over wine tariffs
3 years, 6 months ago

Australia to refer China to the World Trade Organization over wine tariffs

ABC  

Australia will appeal to the international trade umpire over China's decision to impose trade-ending tariffs of up to 220 per cent on Australian wine. Key points: Trade Minister Dan Tehan said China's actions have caused "serious harm" to Australia's wine industry Wine exports to China fell from $1.1 billion to $20 million when tariffs were imposed The WTO process will …

Tariffs axed immediately on Australian beef and lamb, triggering fears that farmers will be sent ‘to the wall’
3 years, 6 months ago

Tariffs axed immediately on Australian beef and lamb, triggering fears that farmers will be sent ‘to the wall’

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

India And Australia Increase Farm Trade, Despite China’s High Tariffs
3 years, 7 months ago

India And Australia Increase Farm Trade, Despite China’s High Tariffs

ABP News  

New Delhi: India and Australia are strengthening trade ties by allowing greater access to each other's markets and technologies, as the two countries – which have had disagreements in the past – appear to be getting closer in the face of Australia's escalating trade disruptions with China. According to India's farm ministry, agriculture minister Narendra Singh Tomar and his Australian …

Does Argentina's beef exports freeze open fresh opportunity in China for Australian producers?
3 years, 7 months ago

Does Argentina's beef exports freeze open fresh opportunity in China for Australian producers?

ABC  

After one of China's largest suppliers announced a snap 30-day ban on all beef exports this week, industry leaders have been left wondering who will fill the void. Key points: The Argentine government wants to lower domestic beef prices with a 30-day export ban Argentina exported about 750,000 tonnes of beef last year, mostly to China Australian exporters have diversified …

Is the dream over? Amid China's trade war, producers grapple with new world order
3 years, 7 months ago

Is the dream over? Amid China's trade war, producers grapple with new world order

ABC  

For years Australia's farmers have pegged their future prosperity on the growing Chinese market, but those targeted by a barrage of trade sanctions are developing new trade ties. "If China's goals were to change Australian policy, inflict economic damage or to send a warning to third countries about crossing Beijing, then I think it's safe to say China has basically …

Australian exports booming despite trade restrictions from China
3 years, 11 months ago

Australian exports booming despite trade restrictions from China

ABC  

Trade with China is crucial — it's Australia's largest trading partner. Shortly after Australia showed its support for an independent investigation into the origins and early handling of the pandemic, China began imposing trade restrictions on Australian exports. "The increase in metalliferous ores to China was driven by iron ore, up $1,951m to $9,865m, accounting for 79% of Australian iron …

Australian exports surge despite China hostility, ASX follows 'sky-high optimism' on Wall Street
3 years, 11 months ago

Australian exports surge despite China hostility, ASX follows 'sky-high optimism' on Wall Street

ABC  

Despite Beijing's increasingly hostile trade war, Australia sold a lot more goods to China in December. Key points: Australian CPI is expected to rise 0.7pc in the December quarter Apple, Facebook and Tesla will report quarterly results on Thursday The Australian share market is trading around its highest level since February 26, 2020 Australia managed to divert its coal and …

China-Australia trade war forces winemakers to look to US, UK, and India to market
4 years ago

China-Australia trade war forces winemakers to look to US, UK, and India to market

ABC  

As Australian trade officials attempt to negotiate their way out of trade disputes with China, many of the nation's winemakers are conceding it is time to find more reliable countries to do business with. The United States Taylors Wines in South Australia's Clare Valley usually exports about 20 per cent of its wine to China, but when four shipping containers …

China slugs Australian wine with another round of tariffs in trade dispute
4 years ago

China slugs Australian wine with another round of tariffs in trade dispute

ABC  

China has added insult to injury, applying a new round of tariffs to Australian wine. Key points: An anti-subsidy tariff of 6.3 or 6.4 per cent will apply to Australian wine sold to China China has already announced an anti-dumping tariff of up to 200 per cent on Australian wine Winemakers says the $1.2 billion trade has already ground to …

Chinese embassy says claims it is blocking Australian imports are 'unfounded' as trade stoush continues
4 years ago

Chinese embassy says claims it is blocking Australian imports are 'unfounded' as trade stoush continues

ABC  

China has dismissed Australia's latest concerns over its treatment of Australian exports, saying it has always met its obligations under the two countries' free trade agreement known as ChAFTA. Key points: The Chinese embassy says it has been lowering import tariffs for Australian goods since 2015 Trade Minister Simon Birmingham has again raised concerns about China's attitude to Australian trade …

China's ban on Australian beef costing hundreds of millions and putting people out of work
4 years, 1 month ago

China's ban on Australian beef costing hundreds of millions and putting people out of work

ABC  

China's ban on beef imports from several Australian abattoirs has cost the industry hundreds of millions of dollars while eight meatworks wait to resume trade. Key points: A Queensland abattoir has become the eighth exporter to have meat sales to China cut off The red meat industry says the bans are costing jobs as well as money Agriculture Minister David …

More Australian timber exports to China blocked as pressure grows to take trade dispute to World Trade Organization
4 years, 1 month ago

More Australian timber exports to China blocked as pressure grows to take trade dispute to World Trade Organization

ABC  

China's attack on Australian trade is continuing, with timber exports from two more states blocked and the number of meatworks waiting to resume trade growing to eight. Key points: China is now refusing to accept timber from South Australia and Tasmania, as well as Queensland and Victoria The Trade Minister says the Government is continuing to raise issues over trade …

China suspends importation of more Australian beef as trade battle escalates
4 years, 1 month ago

China suspends importation of more Australian beef as trade battle escalates

ABC  

China has suspended the importation of more Australian beef, this time from Meramist Pty Ltd, the sixth supplier to face such a move in a country that is one of China's main meat suppliers. Key points: China is Australia's largest trading partner, making up 30 per cent of exports Five other beef suppliers have been hit with import bans this …

China slaps 200% tax on Australia wine amid tensions
4 years, 1 month ago

China slaps 200% tax on Australia wine amid tensions

Associated Press  

BEIJING — China on Friday added wine to the growing list of Australian goods barred from its markets in a trade war against Australia over disputes including its support for a probe into the origin of the coronavirus. The Ministry of Commerce imposed import taxes of up to 212.1%, effective Saturday, which Australia’s trade minister said make Australian wine unsellable …

China taxes Australian wine at up to 212% amid diplomatic row
4 years, 1 month ago

China taxes Australian wine at up to 212% amid diplomatic row

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China has decided to impose …

China slaps 200% import tax on Australian wine amid tensions
4 years, 1 month ago

China slaps 200% import tax on Australian wine amid tensions

Al Jazeera  

China added wine to the growing list of Australian goods barred from its markets, stepping up its trade war against Australia. The Ministry of Commerce imposed import taxes of up to 212.1 percent, effective Saturday, which Australia’s trade minister said make Australian wine unsellable in China, his country’s biggest export market. “Some people in Australia adhering to the Cold War …

China puts tariffs of up to 200 per cent on Australian wine
4 years, 1 month ago

China puts tariffs of up to 200 per cent on Australian wine

ABC  

The Chinese Government has announced it will place tariffs on all Australian wine imports from Saturday, striking a blow to the $1.2 billion-a-year industry. Key points: The new tariffs will range from 107 to 200 per cent They come after China's Commerce Ministry instructed importers to suspend orders of Australian wine The action follows months of trade uncertainty and souring …

Party over? China trade rift threatens Australian winemakers
4 years, 1 month ago

Party over? China trade rift threatens Australian winemakers

Al Jazeera  

A widening political rift between Canberra and Beijing is spilling over into trade ties between the two. We are getting the highest prices we’ve ever had thanks to China,” Harris, CEO of South Australia Wine Group, a wine trading and services company, told Al Jazeera. And on November 12, Wang Wenbin, a spokesman for China’s Ministry of Foreign Affairs told …

Fears China has cut off imports of Australian wine amid worsening trade war
4 years, 1 month ago

Fears China has cut off imports of Australian wine amid worsening trade war

ABC  

There are signs that Australia's billion-dollar wine trade with China has effectively ground to a halt, as winemakers continue to grapple with disruptions. Key points: Winemakers say they don't know of any Australian wine that has cleared China's customs in the past two weeks Up to 60 per cent of wine that would normally be exported to China hasn't left …

China warns Australian economy could 'suffer further pain' after reported export ban
4 years, 2 months ago

China warns Australian economy could 'suffer further pain' after reported export ban

ABC  

Chinese state media has warned "Canberra only has itself to blame" in an editorial published on China Daily. Key points: Editorial warns Australia may suffer further economic pain Reported suspensions would cut Australian exports by up to $6 billion China is Australia's largest trading partner, making up 30 per cent of our exports It comes after a Communist Party tabloid …

Federal Government demands answers from China over trade delays, potential wine tariffs
4 years, 2 months ago

Federal Government demands answers from China over trade delays, potential wine tariffs

ABC  

A request to apply retrospective tariffs on Australian wine has been made by China's Alcoholic Drinks Association, Australian wine exporter Treasury Wine Estate says. Key points: Trade Minister Simon Birmingham says China must provide answers about why exports are being held up Importers say Australian wine, cotton, barley and other commodities will not clear customs from Friday Industry groups say …

Australia and China's relationship has been turbulent. Here are some recent key moments
4 years, 4 months ago

Australia and China's relationship has been turbulent. Here are some recent key moments

ABC  

Australia's relationship with China has seen better days. This week, Huawei also announced it was pulling its sponsorship for NRL team Canberra Raiders and Beijing launched an investigation into subsidies in Australia's wine export industry, just a fortnight after initiating a separate anti-dumping investigation on wine. Mr Hanson said other examples include China issuing a travel warning for Australia, citing …

Trade may be booming, but our relationship with China is on a deteriorating course
4 years, 4 months ago

Trade may be booming, but our relationship with China is on a deteriorating course

ABC  

It may be news to beef, barley and wine producers, but Australia's trade with China has never been stronger. In the space of six years we've gone from China's President Xi Jinping addressing the Australian Parliament to hail a new Free Trade Deal, to a speech this week from China's Deputy Ambassador down the road at the National Press Club, …

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