AUSTRALIA – COMMERCE – UNITED STATES

Insatiable US demand to buoy Australian beef

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Original article by Cecile Lefort
The Australian Financial Review – Page: 23 : 19-Nov-25

Australia exported a record $1.6bn worth of beef to the US in the September quarter. Analysts expect US demand for Australian beef to remain strong, despite the Trump administration’s move to reduce the tariff on beef from rival exporters such as Brazil. Angus Gidley-Baird from Rabobank says this will reduce Australia’s competitive advantage, given that the nation was already subject to a lower tariff on beef exports; however, he notes that the tariff on Brazilian beef will still be higher.

CORPORATES
RABOBANK AUSTRALIA LIMITED

One of Australia’s largest exports to the US escapes tariff hit

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Original article by Olivia Ireland
The Sydney Morning Herald – Page: Online : 13-Aug-25

US President Donald Trump has confirmed that gold imports will continue to be exempt from his administration’s tariffs regime. Trump has clarified the situation in response to the Customs & Border Protection agency’s recent ruling that one-kilogram and 100-ounce gold bars will be subject to the country-based tariffs regime that took effect on 7 August. Official data shows that Australia exported $11bn worth of non-monetary gold to the US during the first four months of 2025, compared with $2.95bn for the whole of 2024.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Steady as we go despite Trump’s 20pc tariff threat

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Original article by Ben Packham
The Australian – Page: 4 : 30-Jul-25

US President Donald Trump has flagged an increase in his ‘liberation day’ baseline tariff to between 15 per cent and 20 per cent. Trump said countries that do not negotiate a special deal with the US will face an increase in the baseline tariff, which was originally set at 10 per cent. Trade Minister Don Farrell says the federal government has yet to be informed of any change in its baseline tariff, and it will assume that this will remain at 10 per cent until the Trump administration advises to the contrary. Australian Industry Group CEO Innes Willox says there is real concern that the nation will face the higher baseline tariff; he adds that tariffs of 15- 20 per cent would have a "real impact", whereas a tariff of 10 per cent would be an "irritant".

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, THE AUSTRALIAN INDUSTRY GROUP

Albanese government unwilling to buy its way out of Trump tariffs

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Original article by Tom Crowley, Alison Xiao
abc.net.au – Page: Online : 1-Apr-25

Trade Minister Don Farrell says the federal government is prepared for ”any outcome" when the Trump administration announces details of its reciprocal tariffs regime. Farrell adds that the government will always stand up for Australia and will never ‘trade away’ the things that make it "the best country in the world". Australia’s trade negotiators will not offer any concessions to secure a deal on tariffs, and will continue to push the case for an exemption on grounds such as the fact that US has a long-standing trade surplus with Australia. President Donald Trump has rejected suggestions that the tariffs will target 10-15 countries that have the largest trade deficits with the US, stating that the tariffs will apply to all countries.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

PM to quote Turnbull in Trump tariff talks

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 13-Nov-24

Prime Minister Anthony Albanese will travel to Peru on Wednesday to attend the APEC leaders’ summit, ahead of the G20 summit in Rio de Janeiro next week. However, he has rejected the Coalition’s push to have a stopover in the US to meet with president-elect Donald Trump, amid concerns that Australia will be directly impacted by his proposed tariff of up to 20 per cent on all non-China imports. Albanese has indicated that he will use similar arguments in tariff talks with Trump as those of former prime minister Malcolm Turnbull in 2017; the latter’s argument that Australia was one of the few nations that had a trade surplus with the US helped convince Trump to shelve plans to impose punitive tariffs on Australian steel and aluminium.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ASIA-PACIFIC ECONOMIC CO-OPERATION, GROUP OF TWENTY (G-20), UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Australia dodges US tariff blitz

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Original article by Jacob Greber
The Australian Financial Review – Page: 11 : 4-Dec-19

US President Donald Trump has accused Brazil and Argentina of deliberately devaluing their currencies. He has retaliated by removing a tariff exemption on steel and aluminium imports from the two nations. Australian imports will continue to be subject to the tariff exemption; local aluminium producers have significantly cut their shipment to the US since May, when concerns were raised within the Trump administration about a sharp rise in export volumes. Trump has also flagged tariffs on imports from France in response to the nation’s digital services tax.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Tax cuts key to driving revival: US

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Original article by Geoff Chambers
The Australian – Page: 1 & 4 : 10-Oct-19

US Secretary of Commerce Wilbur Ross will meet with Prime Minister Scott Morrison in Canberra on 10 October. Ross says the federal government should look at corporate tax reform in order to increase the nation’s global competitiveness and attract more direct foreign investment. Ross has also cautioned against focusing too much on Australia’s trade relationship with China at the expense of its investment relationship with the US. He has also warned that Australia’s aluminium exports to the US are under scrutiny following a recent trebling of export volumes after the Trump administration agreed to a tariff exemption.

CORPORATES
UNITED STATES. DEPT OF COMMERCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

US extends tariff exemptions

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Original article by Tom McIlroy
The Australian Financial Review – Page: 15 : 2-May-18

The US has indicated that an agreement to exempt Australia from tariffs on steel and aluminium will be finalised shortly. President Donald Trump announced an in-principle agreement on 1 May. Prime Minister Malcolm Turnbull said the deal reflects the "fair and reciprocal" trade relationship between Australia and the US, and ensures that this relationship will continue in such a manner. He added that the tariff exemptions will support jobs in both countries.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, UNITED STATES. DEPT OF STATE, BLUESCOPE STEEL LIMITED – ASX BSL, WORLD TRADE ORGANIZATION

Labor, unions urge PM to fight tariffs

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Original article by Primrose Riordan, Joe Kelly, Andrew Burrell, Ben Packham, Cameron Stewart
The Australian – Page: 4 : 6-Mar-18

Federal Government ministers have begun lobbying their US counterparts in a bid to exempt local companies from the Trump administration’s new tariff regime for steel and aluminium imports. Shadow treasurer Chris Bowen notes that Australia’s steel and aluminium exports to the US are worth $A240m and $A70m respectively. Daniel Walton, the national secretary of the Australian Workers’ Union, has warned of significant job losses in the local steel and aluminium sectors due to the tariff hikes, as well as the potential for the Australian market to be flooded with more low-cost steel from China.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF DEFENCE, UNITED STATES. DEPT OF COMMERCE, RIO TINTO LIMITED – ASX RIO, BLUESCOPE STEEL LIMITED – ASX BSL

Fears a Trump tariff will spike dumping

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Original article by Andrew Tillett
The Australian Financial Review – Page: 4 : 11-Jul-17

Australian Steel Institute CEO Tony Dixon has welcomed reports that Australian steel and aluminium will be exempt from proposed new US import tariffs. However, Dixon has raised concerns that Australia could face an influx of low-cost imported steel from countries that are barred from the US market under the new tariffs regime. The Opposition has also stressed the need to protect local industries and jobs by ensuring that anti-dumping laws are enforced.

CORPORATES
AUSTRALIAN STEEL INSTITUTE LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FINANCE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, BLUESCOPE STEEL LIMITED – ASX BSL