Chalmers takes subtle aim at Trump with $157m tariff announcement

Australia to Scrap Tariffs on Everyday Imports Like Tyres, TVs, and Air Conditioners

Australian Treasurer Jim Chalmers is set to abolish another 500 tariffs as part of a push to cut red tape and lower prices for consumers. The so-called “nuisance tariffs” are low-value charges that generate little revenue but create significant compliance costs for businesses. The Treasury is set to consult on the exact list of tariffs to be targeted, with submissions being accepted until Dec. 10. Industries that could benefit include imports of…

Business boost as more nuisance tariffs get the chop

Treasurer Jim Chalmers says many nuisance tariffs cost more in compliance than they raise. (Lukas Coch/AAP PHOTOS) By Jacob Shteyman in Canberra Hundreds of “nuisance” tariffs on imports including tyres, televisions and wine glasses will be slashed in a move that will save businesses millions of dollars. Abolishing an extra 500 imposts, which increase prices consumers pay for goods and cost more in compliance than they raise in revenue, was a re…

Chalmers takes subtle aim at Trump with $157m tariff announcement

The federal government has a big tariff announcement – and this time it's not a response to Donald Trump.Treasurer Jim Chalmers has revealed a sweeping cut to 500 "nuisance" tariffs on imported goods he claims will ease the financial burden on businesses.Everyday items such as wine glasses, TVs, air conditioners and tyres may soon no longer be subject to pricey import tariffs, unlocking around $157 million in compliance costs.LIVE UPDATES: 'Wea…

Government moves to axe 500 more tariffs - Manufacturers' Monthly

Image: Kalyakan/stock.adobe.comThe Federal Government has announced it will abolish a further 500 so-called “nuisance tariffs” in a bid to cut red tape, reduce compliance costs and boost productivity for Australian businesses. The move, unveiled on Thursday in a joint release from treasurer Jim Chalmers and trade minister Don Farrell, builds on the 457 tariffs already removed in July last year. While removing ineffective tariffs, the government …

Australian government to cut 500 ‘nuisance’ tariffs

Canberra, Aug 28 (SocialNews.XYZ) The Australian government on Thursday said that it will cut another 500 "nuisance" tariffs as part of a push to boost productivity and encourage free trade. Treasurer Jim Chalmers, Trade Minister Don Farrell and Industry and Innovation Minister Tim Ayres on Thursday announced that the small tariffs on items including tyres, wine glasses and televisions will be removed from the start of the next financial year on…