IMPORTS – PRICES – AUSTRALIA

Australia could be a winner from US trade war

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Original article by Michael Read
The Australian Financial Review – Page: 3 : 8-Oct-25

Modelling undertaken by EY Oceania has concluded that the Australian economy is likely to be a net beneficiary of the Trump administration’s reciprocal tariffs regime. The firm’s chief economist Cherelle Murphy said the results of the modelling are based on the fact that Australia’s exports to the US will be subject to the ‘baseline’ tariff of just 10 per cent, making the nation’s exports more price competitive; in contrast, some nations are facing punitive tariffs of up to 50 per cent. EY also suggests that the cost of imports will also fall, as some countries are likely to redirect their goods to Australia instead of the US.

CORPORATES
ERNST AND YOUNG

Red Sea attacks risk imports, oil

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Original article by Jenny Wiggins, Jacob Greber, Sarah Jones, Mark Mulligan
The Australian Financial Review – Page: 1 & 5 : 20-Dec-23

The price of crude oil briefly rose by four per cent on Tuesday, in response to ongoing attacks on Red Sea shipping by Houthi rebels. However, the oil price retreated after oil companies indicated that they will temporarily cease using the Red Sea and the Gulf of Aden corridor. Acting Opposition Leader Sussan Ley says petrol prices may rise, given that the trade route through the Red Sea is critical to oil supplies. Meanwhile, US Studies Centre CEO Mike Green has warned that the loss of access to the Gulf of Aden and the Red Sea will have a "very significant economic impact" on the entire Indo-Pacific region. The cost of importing goods into Australia is likely to rise, at a time when industrial action at DP World terminals is already causing delays in unloading container ships.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, UNIVERSITY OF NEW SOUTH WALES. UNITED STATES STUDIES CENTRE, DP WORLD AUSTRALIA PTY LTD