Australia will retain the lowest U.S. tariff rate of 10%, a move expected to boost its exports, while neighbouring New Zealand will face a higher 15% duty under President Donald Trump’s new tariff regime.
Trade Minister Don Farrell said on Friday that Australian products would become more competitive in the U.S. market after Trump kept the baseline tariff for Australia at 10%, while raising duties for 68 other trading partners to between 10% and 41%.
“What this decision means … is that Australian products are now more competitive into the American market,” Farrell told reporters in Adelaide, adding that the government would help exporters increase shipments.
Trump announced a 35% tariff on Canadian goods, 50% on Brazilian exports and 25% on Indian products, with the new rates taking effect in seven days.
New Zealand’s trade minister Todd McClay said he was seeking an urgent call with U.S. officials after tariffs on New Zealand goods rose to 15% from 10%. The United States is New Zealand’s second-largest export market, worth about NZ$9 billion (about $5.3 billion) annually.
Farrell said Australia’s approach to talks with Washington was a “vindication” of the Albanese government’s diplomacy. Australia recently eased restrictions on U.S. beef imports, though Prime Minister Anthony Albanese said the decision had been under consideration for some time and was not tied to trade negotiations.
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At least four people were shot Friday afternoon at a business in Anaconda, Montana, prompting a large law enforcement response and an ongoing search for the suspect. Ask ChatGPT
A small aircraft crashed onto a road in Rochester, New York, on Friday, killing one man and injuring another, police said.
A senior UN official has called for an immediate ceasefire in Ukraine, warning of the mounting human cost of the war and urging both sides to respect international humanitarian law.
A SpaceX Falcon 9 rocket successfully launched from NASA’s Kennedy Space Center in Florida on Friday, sending an international crew of four astronauts to the International Space Station (ISS) aboard the Dragon spacecraft as part of NASA’s Crew-11 mission.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Three Indigenous First Nations in Saskatchewan are receiving a combined CAD$431 million (US$313 million) in compensation from the Canadian government, marking one of the largest settlements to date over historic breaches of treaty commitments.
The United States has warned of reported attempts to bribe Haitian officials in a bid to destabilise the country, amid growing political turmoil and gang violence.
A federal jury in Miami has found Tesla partially liable for a fatal crash involving its Autopilot system, ordering the company to pay $243 million in damages.
At least 27 people have been injured after three cars of a passenger train derailed near Lahore in eastern Pakistan on Friday, officials said.
A small aircraft crashed onto a road in Rochester, New York, on Friday, killing one man and injuring another, police said.
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