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.
Former Georgian Prime Minister Irakli Garibashvili has been sentenced to five years in prison, fined one million lari, and had $6.5 million and severa...
Venezuela has released 116 detainees in a new wave of prisoner releases, according to the Penitentiary Services Ministry....
Israeli Prime Minister Benjamin Netanyahu has thanked Kazakhstan’s President Kassym-Jomart Tokayev for the country’s decision to join the Abraham ...
The European Parliament has announced a ban on Iranian diplomats following the government’s response to nationwide protests in Iran. President Rober...
Sweden will spend 4 billion crowns on unmanned drone systems to be delivered over the next two years, Defence Minister Pal Jonson revealed on Monday....
Former Georgian Prime Minister Irakli Garibashvili has been sentenced to five years in prison, fined one million lari, and had $6.5 million and several vehicles confiscated, his lawyer confirmed on Monday.
Venezuela has released 116 detainees in a new wave of prisoner releases, according to the Penitentiary Services Ministry.
Israeli Prime Minister Benjamin Netanyahu has thanked Kazakhstan’s President Kassym-Jomart Tokayev for the country’s decision to join the Abraham Accords.
The European Parliament has announced a ban on Iranian diplomats following the government’s response to nationwide protests in Iran. President Roberta Metsola confirmed the measure in a post on X on Monday, 12 January.
Timothée Chalamet won the Golden Globe for best male actor in a musical or comedy on Sunday for his role in Marty Supreme, beating strong competition in one of the night’s most closely watched categories.
Hawaii’s Kīlauea volcano is showing increased activity, with lava flowing from two summit craters and flames, smoke and ash rising from the caldera.
Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
The United States’ actions in Venezuela have clearly demonstrated not only that Latin America remains firmly in Washington’s geopolitical orbit, but also that the U.S. is the only global superpower.
Despite facing challenges in chip manufacturing, Chinese artificial intelligence (AI) researchers are optimistic about narrowing the technological gap with the United States, driven by an increasing culture of risk-taking and innovation.
Venezuela has released 116 detainees in a new wave of prisoner releases, according to the Penitentiary Services Ministry.
The European Parliament has announced a ban on Iranian diplomats following the government’s response to nationwide protests in Iran. President Roberta Metsola confirmed the measure in a post on X on Monday, 12 January.
Sweden will spend 4 billion crowns on unmanned drone systems to be delivered over the next two years, Defence Minister Pal Jonson revealed on Monday.
India and Germany have agreed a range of deals to deepen cooperation between the two nations, with defence, trade and technology high on the agenda.
The UK’s media regulator Ofcom has launched a formal investigation into the social media platform X, owned by US billionaire Elon Musk, over concerns that its artificial intelligence tool Grok has been used to generate sexualised images of women and children.
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