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Australia’s exports now face a 12.5% US tariff over forced labour claims
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Dynamic Business
The US has raised tariffs on Australian goods again, citing forced labour rules Canberra says don’t apply here.
A further 17 economies face a lower 10% rate, on the basis they already have import bans or partial regimes addressing the issue, or have committed to introducing them under a trade agreement with the US.
Lamb, mutton and goatmeat exports face the greatest exposure to the new tariff, while major beef categories have been placed on an exemption list issued by the US Trade Representative, sparing Australia’s largest protein export from the increase.
They added that the higher tariff would ultimately raise costs for American importers, retailers and consumers, not just Australian exporters.
All goods valued at US$800 or less lost their de minimis exemption earlier this year and now face specific tariff rates regardless of value.