TARIFFS – UNITED STATES

Trump’s tariff probe boosts local miners

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Original article by Andrew Tillett, Peter Ker
The Australian Financial Review – Page: 2 : 17-Apr-25

US President Donald Trump has signed a new executive order regarding critical minerals. He has directed Commerce Secretary Howard Lutnick to investigate whether new tariffs should be imposed on all critical minerals imports on national security grounds. Amongst other things, Lutnick will examine the impact of the "predatory economic, pricing and market manipulation" strategies of countries that process critical minerals. Minerals Council of Australia CEO Tania Constable has welcomed the investigation, saying it will present Australia with an opportunity to strengthen its position as a trusted and reliable supplier of critical minerals to the US.

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UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, MINERALS COUNCIL OF AUSTRALIA

Goldman Sachs boss says chances of US recession have increased after Trump tariffs

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Original article by Kalyeena Makortoff
The Guardian – Page: Online : 15-Apr-25

Goldman Sachs CEO David Solomon has told analysts during an earnings call to discuss its first quarter results that the bank thinks Donald Trump’s tariffs have increased the chances of a US recession. He said that the growing uncertainty over the fallout of US tariffs was making it harder for Goldman Sachs’ clients to make important business decisions, and that an escalation in the trade war poses "material risks" for US and global growth. Goldman Sachs’ first quarter results saw it record a pre-tax profit of $US5.6 billion, up eight per cent

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Trump admits transition problems as White House says tariffs on China actually 145 per cent

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The Australian – Page: Online : 11-Apr-25

Donald Trump chaired a televised cabinet meeting on Thursday US time, during which he admitted there were "transition problems" with his tariff plan, as US shares fell again over the growing trade war between the US and China. The White House has clarified that tariffs imposed on China by Trump added up to 145 per cent, not 125 per cent, while Chinese Foreign Ministry spokesperson Mao Ning said in a post on X that the Xi Jinping-led government would not back down against the US, and European Commission president Ursula von der Leyen said that "all options remain on the table" in terms of potential EU tariffs against the US.

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EUROPEAN COMMISSION

How the bond market forced Trump to retreat

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Original article by Cliona O’Dowd
The Australian – Page: 13 & 20 : 11-Apr-25

A dramatic sell-off of US treasuries led to US President Donald Trump announcing a 90-day reprieve of reciprocal tariffs on all countries bar China, rather than the recent sell-off on Wall Street that some have suggested. The sell-off of US treasuries was attributed to global investors such as China and Japan losing faith in the US, and was compounded by hedge funds unwinding what is known as the ‘basis trade’. Despite Trump’s decision to pause his reciprocal tariffs, AMP chief economist Shane Oliver says there could still be a recession in the US, with Oliver saying the significant damage that Trump has done to confidence in the US will be hard to recover.

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AMP LIMITED – ASX AMP

PM steels for food fight after critical offer fails to win over Trump

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Original article by Ben Packham,(SPACE)Perry Williams
The Australian – Page: 1 & 4 : 14-Mar-25

The federal government’s offer of a critical minerals deal with the US remains on the table, despite it not helping to persuade Donald Trump to exempt Australia from his 25 per cent tariffs on steel and aluminium. The government hopes that the deal can help Australia’s case as Trump prepares to make his ‘reciprocal tariffs announcement’ on 2 April, which could hit a range of Australian products, including beef, seafood and other food exports. With the Australian food export industry worth $75 billion, Trade Minister Don Farrell will tell the Global Food Forum in Melbourne on Friday that the federal government will do its best to protect the food industry from Trump’s next lot of tariffs.

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AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

Australia has Trump trade-war plan: Farrell

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Original article by Andrew Tillett
The Australian Financial Review – Page: 8 : 3-Dec-24

Trade Minister Don Farrell says he plans to work with other countries to try to offset the potential impact that Donald Trump’s proposed tariffs are likely to have on global trade. Farrell met with the World Trade Organisation’s recently re-appointed director-general Ngozi Okonjo-Iweala on the sidelines of an economics conference in Singapore on Monday, with the two reaffirming the need to maintain free and fair trade, while he has indicated Australia will stress the expensive military purchases it is making from the US as part of the AUKUS treaty to make the case that Australian commodities should escape US tariffs.

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AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, WORLD TRADE ORGANIZATION

China trade war threat ratchets up

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Original article by Jacob Greber, Michael Smith
The Australian Financial Review – Page: 1 & 13 : 10-Sep-18

The US has already imposed tariffs on $US50 billion worth of Chinese imports, and is believed to finalising duties on an additional $US200 billion ($281 billion) worth of imports in the next few days. Donald Trump hinted to reporters on 7 September that he may impose tariffs on a further $US267 billion worth of Chinese imports. If this threat eventuated, it would effectively mean a tariff on all Chinese imports into the US. Jeffrey Wright from the Eurasia Group says US industry remains divided on Trump’s tariffs stance.

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EURASIA GROUP, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT