TARIFFS – GOVERNMENT POLICY – UNITED STATES

Robb cautions against losing tariff advantage

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Original article by Joe Kelly
The Australian – Page: 4 : 19-Feb-25

Former Coalition minister Andrew Robb has weighed into the debate regarding the tariff policies of US President Donald Trump. Robb has used a Sydney University speech to warn that the foundations of the global trading system are facing their "most significant challenge" since the post-World War II era. He notes that the US has traditionally been the strongest advocate of the "three pillars" of globalisation, but these pillars are now under threat. These pillars include the law of comparative advantage, and the former trade minister says Australia must resist "throwing it out the window".

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNIVERSITY OF SYDNEY

Tariff fight heats up as China strikes back

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Original article by Andrew Tillett, Jessica Sier, Matthew Cranston, Michael Read, Alex Gluyas, Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 10 : 5-Feb-25

The Chinese government will impose a tariff of 15 per cent on US coal and LNG imports from 10 February. Crude oil, farm equipment and some vehicles will in turn be subject to a tariff of 10 per cent. Beijing announced the move shortly after President Donald Trump’s new tariff regime on all goods imported from China took effect on Tuesday. Economists have warned that the tariffs dispute between the US and China will impact on the Australian economy, particularly if it escalates into a broader trade war. Meanwhile, the Chinese government has imposed export controls on critical minerals such as tungsten, tellurium and molybdenum, citing the need to "safeguard national security interests".

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UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

No retaliation if Trump targets us, says Chalmers

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Original article by Ben Packham
The Australian – Page: 5 : 5-Feb-25

The federal government is optimistic that Australian imports to the US will not be targeted under President Donald Trump’s new tariffs policy. Treasurer Jim Chalmers has indicated that Labor is not contemplating the need to impose retaliatory measures on US imports, citing factors such as the two nations’ close strategic partnership and the large US trade surplus with Australia. Business Council of Australia CEO Bran Black also believes that such factors will enable Australia to avoid being targeted by Trump.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIAN LABOR PARTY, BUSINESS COUNCIL OF AUSTRALIA

Faltering dollar unlikely to sway Reserve Bank rates call

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Original article by Cameron Micallef
The Australian – Page: 19 : 22-Jan-25

The Australian dollar fell sharply on Tuesday, after US President Donald Trump signalled that a tariff of 25 per cent could be imposed on imports from Canada and Mexico from the start of February. However, AMP’s chief economist Shane Oliver says the recent downturn in the value of the currency is unlikely to influence the Reserve Bank’s interest rate decision in February. Oliver contends that quarterly inflation data to be released in late January will be the key factor that the central bank will take into account.

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AMP LIMITED – ASX AMP, RESERVE BANK OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Trade war 2.0: Trump’s China tariff bombshell sends global shockwaves

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Original article by Will Glasgow, Joe Kelly, Jack Quail
The Australian – Page: 1 & 2 : 27-Nov-24

Professor Warwick McKibbin from the Australian National University says the new tariff regime announced by US president-elected Donald Trump represents a "dangerous step for global trade". Trump has advised via social media that one of his priorities will be signing an executive order to impose a new tariff of 10 per cent on all Chinese imports, and a 25 per cent tariff on imports from Canada and Mexico. Trump contends that the three nations are not doing enough to stop the importation of a synthetic drug called fentanyl into the US. The move is also aimed at curbing illegal immigration into the US. Steven Hamilton from George Washington University says Trump appears to be using tariffs as a ‘bargaining chip’ to extract concessions from other countries.

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UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIAN NATIONAL UNIVERSITY, GEORGE WASHINGTON UNIVERSITY

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.

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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

PM urges China to settle

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Original article by Dennis Shanahan
The Australian – Page: 1 & 4 : 23-Sep-19

Prime Minister Scott Morrison has urged the US and China to take action to resolve their trade dispute as quickly as possible. Following a meeting with President Donald Trump, Morrison stated that he had a "clear sense" that Trump is also keen for a resolution to the trade war. He added that any deal must be sustainable and address issues such as breaches of intellectual property and forced technology transfer. Morrison has downplayed recent comments by former prime minister Kevin Rudd, who suggested that the G20 leaders’ summit in November will be the last opportunity for the US and China to resolve the trade war.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, GROUP OF TWENTY (G-20), AUSTRALIAN LABOR PARTY

Funds brace for more volatility

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Original article by William McInnes
The Australian Financial Review – Page: 13 & 27 : 27-Aug-19

Federation Asset Management chairman Greg Bundy says financial markets will keep falling, as he does not expect the US-China trade war to be resolved for some time. Matt Sherwood of Perpetual agrees that there is unlikely to be a quick resolution to the trade dispute. Bearish sentiment slashed the value of Australian stocks by around $26bn on 26 August, while the yield on 10-year Australian government bonds fell to 0.88 per cent. Shares in gold producers also rallied as investors sought out ‘safe-haven’ assets.

CORPORATES
FEDERATION ASSET MANAGEMENT, PERPETUAL LIMITED – ASX PPT, STANDARD AND POOR’S ASX 200 INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

China plea to end trade war

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Original article by Glenda Korporaal, Simon Benson
The Australian – Page: 1 : 27-Aug-19

Prime Minister Scott Morrison has welcomed indications that the US and China are open to resolving their trade dispute, but cautions that there have been similar overtures before. Morrison adds that the US has some "legitimate" grievances, and notes that the trade war has had an impact on both the Australian and global economies. President Donald Trump says the Chinese government has asked US trade officials to resume negotiations, adding that the US will begin "talking very ­seriously" with China.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, GROUP OF SEVEN (G-7), RESERVE BANK OF AUSTRALIA, STANDARD AND POOR’S ASX 200 INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, HANG SENG INDEX, SHANGHAI COMPOSITE INDEX