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.
Ukrainian President Volodymyr Zelenskyy has dismissed Commander-in-Chief Oleksandr Syrskyi, replacing him with General Mykhailo Drapatyi in one of the...
Southeast Asia remains the epicentre of scam centres running illegal online fraud schemes that target victims worldwide and generate billions of dolla...
Iran is increasingly relying on its northern ports for imports, with officials saying more than 30% of goods now enter the country via Russia and the ...
Ukrainian President Volodymyr Zelenskyy has dismissed Commander-in-Chief Oleksandr Syrskyi, replacing him with General Mykhailo Drapatyi in one of the most significant military leadership changes since Russia's full-scale invasion of Ukraine.
AnewZ's Daybreak on 21 July covered the latest escalation in the U.S.-Iran conflict, rising trade tensions between the United States and Canada, and key regional and international developments.
Indian Prime Minister Narendra Modi called for setting up a foolproof public examination system in the country on Tuesday, a day after supporters of the youth-led "cockroach" movement and police clashed as they marched on parliament to protest against question paper leaks.
Lebanese army troops have begun deploying in the southern town of Zawtar al-Gharbiyeh after Israeli forces withdrew from the area, marking the first major step in a U.S.-brokered plan to reduce tensions along the Lebanon-Israel border.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th July, covering the latest developments you need to know.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of July, covering the latest developments you need to know.
At least six people were killed and 21 others injured after two earthquakes struck Peru's central Junín region, destroying dozens of homes and triggering a major emergency response.
Kylian Mbappé has become the first player to win the FIFA World Cup Golden Boot on more than one occasion. The French forward won the award presented to the top goalscorer of the tournament for the second time, despite France being knocked out in the semi-finals.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
Ukrainian President Volodymyr Zelenskyy has dismissed Commander-in-Chief Oleksandr Syrskyi, replacing him with General Mykhailo Drapatyi in one of the most significant military leadership changes since Russia's full-scale invasion of Ukraine.
Southeast Asia remains the epicentre of scam centres running illegal online fraud schemes that target victims worldwide and generate billions of dollars annually. The UN estimates scam losses across East Asia, Southeast Asia, Australia and New Zealand reached up to $114.1 billion in 2025.
Iran is increasingly relying on its northern ports for imports, with officials saying more than 30% of goods now enter the country via Russia and the Caspian Sea rather than through the Indian Ocean.
Britain's new Prime Minister Andy Burnham has chaired his first Cabinet meeting, pledging to make the cost of living his government's central priority while signalling a broader effort to restore confidence in Britain's government and strengthen its international standing.
Russian strikes hit multiple locations across Ukraine, setting a large hardware store ablaze in the northeastern city of Sumy and damaging a residential building in the country's east, as fighting between the two sides continued to intensify.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment