Australia fails to charm Trump, forced to swallow ten percent import tax
President Donald Trump’s administration sent official letters to countries that could not negotiate new trade conditions with the US before the deadline for August 1st. Great allies such as Japan and South Korea received warnings and are currently facing tariffs up to 40 percent in certain exports.
No letter for Australia
A letter was not sent to Australia, a sign that was not targeted for the highest penalty layer, but no special exemption was given. Instead, it remains below the 10 percent tariff introduced in April, which is part of Trump’s wider pushing for “mutual” trade relations.
“The only fair tariff in Australia would be 0 percent, and I hope that,” he said in an interview with the Today Show. “But we didn’t give ourselves the best chance because seven months after the prime minister was elected, President Trump didn’t even met.”
Paterson drew attention to the United Kingdom as an example of the payment of stronger diplomacy. British Prime Minister Keir Starmer has already provided a discount on automobile tariffs and better conditions about steel and aluminum. In contrast, Australia’s steel and aluminum exports to the US are now facing a 50 percent upright task.
Prime Minister Anthony Albania argued that despite the new 10 percent tax, Australia still has one of the most appropriate tariff agreements globally, argued that its government’s approach.
“No country has a better agreement than Australia,” Albania said, talking about Hobart. “Tariffs will continue to discuss for a penalty imposing them on the country and mutual tariffs that are zero.”
Mulino from the Assistant Treasurer said that companies in Australia’s high tariff countries may benefit as they try to re -direct exports elsewhere. “If it is lower than other countries, it can offer opportunities for us to increase our trade with the US,” he said.
Nevertheless, industrial groups and economists even have a 10 percent tariff. Exporters in agriculture and metals are particularly worried.
“These tariffs may look small on paper, but 10 percent for a small business transport steel or beef may be a difference between profit and damage,” he said.
Australia, only one of a few countries, has survived the highest layers of Trump’s reorganization of global tariffs. However, when the deadline for August 1 approaches and Washington does not have a direct meeting with the continuation of the continuation of the Prime Minister, this week, the Prime Minister puts pressure on Canberra on his way to China to strengthen other trade partnerships.
