Australia to challenge Trump’s new 12. 5% tariff, says PM Albanese - EUROPE SAYS
Investing. com — Australian Prime Minister Anthony Albanese said he would raise Washington’s new 12. 5% tariff on Australian goods directly with U. S. President Donald Trump, Reuters reported. “We’ll raise it at. . .
Investing. com — Australian Prime Minister Anthony Albanese said he would raise Washington’s new 12. 5% tariff on Australian goods directly with U. S. President Donald Trump, Reuters reported. “We’ll raise it at every level in the Australia-U. S. relationship,” Albanese said on Sunday, adding that Australian officials had already raised objections to the measure. The Trump administration imposed new tariffs on imports from 60 trading partners on Friday, coinciding with the expiry of a temporary 10% global tariff. Washington said the measures were intended to address failures by trading partners to prevent goods made using forced labour from entering their markets and supply chains. Australia was among 38 economies assigned a 12. 5% tariff. Seventeen countries received a 10% rate, while five economies were placed under mixed arrangements based on their existing tariff treatment. The measures were introduced under Section 301 of the U. S. Trade Act, which allows Washington to respond to foreign practices deemed harmful to American commerce. Some products are excluded from the additional duties, according to the White House order. Albanese’s Labor government has described the tariff on Australian goods as unjustified and is seeking its removal. The prime minister argued that Australia already maintains strong protections against modern slavery and is strengthening its enforcement framework. Australia’s Modern Slavery Act requires entities with at least A$100 million in annual consolidated revenue to report each year on risks within their operations and supply chains, as well as the measures taken to address them, according to the Department of Home Affairs. Canberra is also reviewing supply-chain enforcement and considering stronger penalties for companies that fail to comply. The higher tariff could increase costs for Australian exporters with substantial U. S. exposure, including producers of building materials, healthcare products, wine and manufactured goods. Mining and energy companies will also be watching for clarification on which commodities or products qualify for exemptions. Related articlesAustralia to challenge Trump’s new 12. 5% tariff, says PM AlbaneseThis sector is ‘poised for a big, beautiful year’: TruistMorgan Stanley CIO survey: Why AI hype isn’t boosting 2026 IT budgetsTags:Anthony AlbaneseaustraliaAustralian goodsAustralian Prime Ministerbusinesspresident donald trumptariff treatmenttariffstrade warwashington