Australia pushes tariffs removal amid US court ruling
- A US trade court blocked the implementation of President Trump's import tariffs on Wednesday, ruling he exceeded his authority.
- Trump imposed blanket duties targeting countries with trade surpluses, including a 25% tariff on steel and aluminum and a 10% baseline tariff on Australian goods.
- Australia, led by Trade Minister Don Farrell and Ambassador Kevin Rudd, strongly advocates removing these tariffs and is examining the ruling closely amid potential further legal action.
- A US trade tribunal located in New York ruled that the president exceeded his powers, confirming that only Congress has the constitutional authority to regulate commerce and that emergency powers do not supersede this control.
- Despite the court's decision, the Trump administration immediately appealed, and Australia continues to push for tariff removal amid the possibility of a prolonged legal process.
17 Articles
17 Articles
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Week 22 Wrap: Forget US tariff talk – Australians got a worrying signal from the ABS this week
I have titled this week’s wrap with the introductory “Forget US tariff talk,” and that was a cruel prank on my part. Because we actually do need to talk about it. But that’s about as much as we need to, because it’s relevant to what we learned from the ABS this week. Here’s the important bit: private business investment into machinery in Australia (non-mining) has fallen to yearly lows, down -1.3% in the March quarter, a drop we haven’t seen sin…
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