Government And Industry Take Arms Against Tariffs

The Federal Government and the Australian Steel Institute have both called for stronger action to be taken to combat the direct and indirect consequences of Donald Trump´s global trade war. The Prime Minister, Anthony Albanese, said Australia will bolster its anti-dumping programs to protect key sectors against unfair competition from abroad. Additionally, he said the Australian government will provide $50 million to affected sectors and will encourage businesses to buy locally manufactured goods. The fear is that steel and other products which had been destined for the United States will now be “dumped” at cheaper prices into countries such as Australia. On April 1, the day before Mr Trump announced the new import tariffs, the Minister for Industry and Science, Ed Husic, wrote to David Latina, the head of the Anti-Dumping Commission (ADC). “I expect you to use all the.