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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U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citi...
The 83rd Venice Film Festival has opened on the Lido, bringing Hollywood stars and leading filmmakers together for a programme dominated by war, po...
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August and 2 September.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
The Iranian Army has again struck at U.S. bases in Kuwait and the United Arab Emirates in retaliation for U.S. attacks on southern and western parts of Iran late on Tuesday, which reportedly killed 18 people and injured more than 100 others.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
Southern Chinese provinces were bracing for more torrential rain on Friday after Typhoon Saudel triggered severe flooding, swamping vehicles, collapsing at least one building and forcing mass evacuations.
President Donald Trump is leaving more than a paper trail from his time in office. The U.S. is now minting commemorative $1 coins for America’s 250th anniversary, featuring a portrait of the sitting president.
Pacific Island leaders expressed concern about China's Pacific missile test at their annual summit, though Nauru formally dissented, in a meeting largely overshadowed by Beijing's objections to Taiwan's presence.
China’s southern coastal provinces of Fujian and Guangdong are bracing for more torrential rain after Typhoon Saudel triggered widespread flooding, swept away vehicles and caused a three-storey building to collapse.
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