News

Trump to impose 25% tariffs on Australian exports

Trump’s 25% tariffs on steel and aluminium imports may impact Australia, sparking concerns among politicians and businesses.

Published

8 months ago

February 10, 2025

ticker NEWS

Trump’s 25% tariffs on steel and aluminium imports may impact Australia, sparking concerns among politicians and businesses.

In Short

US President Trump has proposed 25% tariffs on steel and aluminium imports, impacting Australia’s exports and raising concerns among its political and business sectors. Australian leaders urge advocacy for the country’s interests while stressing the importance of diplomatic relations to mitigate potential economic damage.

These tariffs will increase costs for Australian exports, although the timing for implementation remains unclear.

Trump stated that all steel entering the US would incur this tariff, indicating the same for aluminium.

Tariffs serve as taxes on imports, potentially diminishing demand for Australian steel and aluminium in the US market.

If enforced, these tariffs could significantly impact the Australian industry, which previously avoided such threats during Trump’s first term by being exempted alongside Canada, Mexico, the EU, and the UK.

US purchase of Australian steel

In 2024, the US imported approximately $638 million worth of Australian steel, according to UN data.

The announcement has alarmed Australia’s political and business sectors.

National leader David Littleproud urged the Labor government to advocate for Australia’s interests with the Trump administration, while resisting any retaliatory tariffs.

Littleproud emphasized that tariffs affect overall economic conditions, including inflation.

Trade and Tourism Minister Don Farrell expressed concern about the broader implications of the US-China trade war on Australia’s economy.

He highlighted the importance of a rules-based trade system and the potential negative impact of a tariff war.

News

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

5 hours ago

October 10, 2025

ticker NEWS

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

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News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

1 day ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness