Australia has avoided a US tariff increase, maintaining a 10 per cent rate while other countries face higher tariffs. The decision follows negotiations between Australian and US officials, with the Albanese government claiming the outcome as a diplomatic success.
Breakdown
- Australia retains a 10 per cent tariff rate on US exports, avoiding an increase.
- The White House confirmed new and revised tariff rates after a negotiation pause. 15s
- Australia is one of three countries spared from a tariff hike; others like New Zealand and Canada face higher rates. 38s
- Australia's recent removal of biosecurity restrictions on US beef imports may have contributed to the outcome. 1m 17s
- The Albanese government views the tariff decision as a diplomatic victory but remains cautious about future changes. 1m 35s