
Tariffs spell death knell for businesses on the brink
Australia's economy is tipped to grow faster in 2025 but US tariffs and trade wars could be enough to send marginal businesses to the wall.
Australia's economy is tipped to grow faster in 2025 but US tariffs and trade wars could be enough to send marginal businesses to the wall.
Markets are reacting to President Donald Trump's announcement of new import taxes of 25 per cent on cars and car parts coming into the US.
Australia has been warned against relying on Donald Trump as it continues to try to negotiate for an exemption from the US president's trade tariffs.
The government has made another pitch to US officials to gain an exemption from American tariffs on Australian steel and aluminium imports worth $1 billion.
The Australian share market has resumed its downward trend, after dropping sharply in early trading and recovering a little in the wake of a US market sell-off.
Shoppers have been urged to buy locally made goods with extra funding for Australian-made campaigning as US tariffs hit steel and aluminium exports.
The government assures a key export sector of support as a new tariff threat emerges while fresh funding reinforces metal manufacturing against US levies.
Australian shares have continued their downward trajectory as US protectionism escalates global tensions and drives market uncertainty.
China has announced it will levy 15 per cent tariffs on imports of US chicken, corn, and other farm products and 10 per cent on soy and others.
Home-builders could benefit from efforts by Australia to carve out an exemption to US President Donald Trump's steel tariffs.
The clock is ticking for Australia to secure an exemption to Donald Trump's steel tariffs after he accused leaders of breaking their word on an export deal.
The Canadian trade minister will head to Australia next week after seeking stronger trade ties with the European Union.
Australia might see some fallout from Donald Trump's tariffs on Mexican and Canadian imports, but local households are expected to be spared too much pain.
US President Donald Trump has presented tariffs as a kind of silver bullet against China during an interview on Fox News.
Tensions between Australia and China continue to cool, but President Xi Jinping has cautioned the diplomatic thaw must be managed "with great care".
China is bracing for continued superpower rivalry with the US after Donald Trump proposed tariffs that could disrupt supply chains and hurt the Chinese economy.
Trade Minister Don Farrell is launching the first phase of a winemaking agreement with China as he looks to boost trade by tens of billions of dollars.
Australia's lobster fishers are confident of being able to meet renewed demand from China and satisfy local customers this Christmas.
China's door is back open for Australian rock lobster fishers, but the trade minister wants more producers tagging along too.
Australia and China have effectively ended a years-long trade dispute after Beijing agreed to drop an import embargo on live rock lobsters.
Foreign Minister Penny Wong and Chinese counterpart Wang Yi have met to discuss remaining trade impediments and security concerns straining the relationship.
China has abolished heavy tariffs on Australian wine that were imposed at the height of diplomatic tensions in 2020.
There is cautious optimism from Australian producers that a landmark visit by China's foreign minister could signal the end of punitive trade barriers.
Managing differences and focusing on shared interests will be key as China and Australia work to stabilise their formerly turbulent relationship.
Foreign Minister Penny Wong will host Chinese counterpart Wang Yi as Beijing prepares to remove trade impediments against Australian wine.
Australia has sent a record amount of agricultural exports to China as trade barriers fall following a thawing of relations between the two countries.
China's ambassador is "optimistic" of a resolution for the trade dispute with Australia, as both nations consider the findings of a report on the issue.
Don Farrell says China lifting barley tariffs sets a good precedent for the possible lifting of other tariffs on Australian goods such as wine.
The trade minister is calling for all barley producers to have Chinese market access with the largest exporters remaining blocked despite tariff removal.
The removal of Chinese timber import bans has been widely welcomed but the trade minister warns it will take time for the benefits to flow.
Talks between the trade ministers of Australia and China in Beijing are a significant step for both nations, Prime Minister Anthony Albanese says.