BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
Markets

Australia to raise concerns over new tariffs with Trump, PM Albanese says

  • The Albanese-led Labor government ​has described the tariffs as unjustified and says it wants ​them removed
Published Updated
Photo: Reuters
Photo: Reuters
By

SYDNEY: Australia’s Prime Minister Anthony Albanese said on Sunday he would seek to raise the issue of ​tariffs with US President Donald Trump, after Washington this ‌week imposed new tariffson its trading partners including Australia.

The United States on Friday imposed new tariffs on goods from 60 trading ​partners, alleging those countries failed to curb the trade ​of goods made by forced labour, just as ⁠a temporary 10% global tariff expired.

The Albanese-led Labor government ​has described the tariffs as unjustified and says it wants ​them removed.

Albanese, asked on Sunday if he would seek to discuss the issue with Trump, said “absolutely”.

“We’ll raise it at every level in ​the Australia-US relationship, we’ve already done so,” he said ​in televised remarks.

US says China chip policies unfair but will delay tariffs to 2027

Australia has very strong provisions on modern slavery and was “strengthening ‌those ⁠even further by going through the supply chain issues and making sure that indeed substantial fines and penalties can be paid”, Albanese said.

Under the new Trump administration measures, imports ​from Australia, ​along with 37 ⁠other nations, are subject to a tariff of 12.5%. Seventeen nations are subject to ​a 10% rate, while five nations are ​subject to ⁠a mixed rate.

US factory sector contracts for 10th straight month in December

Albanese, who has previously said his focus is on “free and fair trade” with the US, made tariffs a key ⁠issue ​in a call in with Trump ​after the centre-left government was returned in a landslide election win last ​year.


Comments

200 characters remaining