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.
The pro-independence coalition Kanak and Socialist National Liberation (FLNKS) has formally withdrawn its signatures from the so-called “Accord de B...
The U.S. government has shut down after Congress failed to approve funding. Non-essential services are paused, thousands of federal workers are left u...
NATO navies are ramping up defenses in the Baltic and North Seas as Russia’s so-called “shadow fleet” of deceptive vessels grows rapidly, raisin...
The Pentagon recommitted itself in a statement on Tuesday to scaling back its military mission in Iraq, a process that a U.S. official said will see B...
U.S. stock index futures fell on Wednesday as investors assessed the implications of the federal government shutdown, which threatens to disrupt the r...
The pro-independence coalition Kanak and Socialist National Liberation (FLNKS) has formally withdrawn its signatures from the so-called “Accord de Bougival”, accusing the French state of misrepresentation and “brute force” tactics in New Caledonia’s decolonisation process.
The U.S. government has shut down after Congress failed to approve funding. Non-essential services are paused, thousands of federal workers are left unpaid, and both parties blame each other for the deadlock.
NATO navies are ramping up defenses in the Baltic and North Seas as Russia’s so-called “shadow fleet” of deceptive vessels grows rapidly, raising fears of espionage and sabotage against critical infrastructure.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
The pro-independence coalition Kanak and Socialist National Liberation (FLNKS) has formally withdrawn its signatures from the so-called “Accord de Bougival”, accusing the French state of misrepresentation and “brute force” tactics in New Caledonia’s decolonisation process.
The U.S. government has shut down after Congress failed to approve funding. Non-essential services are paused, thousands of federal workers are left unpaid, and both parties blame each other for the deadlock.
NATO navies are ramping up defenses in the Baltic and North Seas as Russia’s so-called “shadow fleet” of deceptive vessels grows rapidly, raising fears of espionage and sabotage against critical infrastructure.
The Pentagon recommitted itself in a statement on Tuesday to scaling back its military mission in Iraq, a process that a U.S. official said will see Baghdad command efforts to combat remnants of Islamic State inside its own country.
U.S. stock index futures fell on Wednesday as investors assessed the implications of the federal government shutdown, which threatens to disrupt the release of key economic data and complicate the Federal Reserve's policy path.
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