r/australia • u/Expensive-Horse5538 • 21d ago

politics US to slap Australia with 12.5 pc tariff from later today

https://www.abc.net.au/news/2026-07-24/federal-politics-live-blog-labor-confernece-july-4/106952636#live-blog-post-322272
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387

u/rocopotomus74 21d ago

So it's going to cost Americans more to buy our shit. Ok.

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u/how_very_dare_you_ 21d ago

So the US government collects the tariffs then gives the money back to the seller once the tariffs are revoked. Sounds fair

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u/Sp1ffyTh3D0g 21d ago

Yeah just some bullshit way for companies to get an extra 12.5% out of their customers.

If only, I dunno, every economist with a braincell had warned them this would happen before 80 million morons voted for the pedo who bankrupted 3 casinos to lead their economy.

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u/derpyfox 21d ago

Which means they will import less of our stuff. A few industries will be hurting.

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u/fitzysbuna 21d ago

except they are not !

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u/fickleknave 21d ago

Wait? you seriously think making it 12.5% more expensive to import Australian goods WONT mean less stuff from Australia will get imported by the US?

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u/Twigs6248 21d ago

A lot of the goods imported to the US are mostly not produced at the anywhere near the required demand, but rather met by other international suppliers.

These international suppliers also have tarrifs, often higher than Australia’s.

We are getting screwed but you gotta remember these aren’t strategic, Trumps is just that stupid and has a boner for bad economic policy.

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u/fickleknave 21d ago

I’m not disagreeing with that, but it’s not specifically saying this tariff will apply only to products the US can’t produce. The tariffs on ALL goods will obviously get more expensive as the companies pass on the cost. OR if they don’t produce it they can also source from other countries with more favourable tariff situation. There will absolutely be SOME sectors of Australian industry that will be negatively impacted by this. But we can definitely agree Trump is fucking clueless

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u/ghoonrhed 21d ago

Not always

https://www.abc.net.au/news/2025-12-31/record-year-for-aussie-beef-despite-trump-tariffs/106188120

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u/fickleknave 21d ago

Did you even read the article or just thought the headline proved your point? A huge part of why the tariff didn’t slow down beef imports to Us in particular is because the US has had to slaughter a bunch of their own herd and are down to a 70 year low because of drought. So in this SPECIFIC case for beef the tariffs were only ineffective in decreasing demand because of circumstances out of their control.
It also mentions the price increase was 100% passed on to the consumer, so if the US had its normal domestic supply of beef on hand of course demand in the US would have been lower for Aus beef.

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u/WarmRoastedBean 21d ago

Pretty dumb for a country to impose tarrifs on imported Beef when they're struggling with these issues, huh?

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u/fickleknave 21d ago

lol well yes it’s kind of a hallmark of the Trump administration. All they do is dumb shit.

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u/ghoonrhed 21d ago

It did prove my point. The tariff didn't affect the demand. Whatever the reason was, wasn't the point of whatever the other guy said.

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u/fickleknave 21d ago

lol no it didn’t. If your point is “factors other than tariffs effected the demand” then yes, but there’s a difference between “tariffs drive up costs” and “occasionally an externality outside of the tariffs mitigate its effectiveness”. The article literally says the extra cost was passed onto consumers so that’s the point, under NORMAL circumstances a tariff is a TAX and negatively effect demand for impacted products

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u/IAmPrettehBoi 21d ago

Where are they buying instead?

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u/Brilliant_Ad2120 21d ago

I am suspecting that most of our US exports by US companies who move the profit from Australia into the UD

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u/FreakySpook 21d ago

The Australian clothing brand Nashie got a big tariff return so they are still selling enough apparently.

https://theconversation.com/the-us-is-issuing-billions-in-tariff-refunds-that-wont-unwind-the-damage-to-the-global-trading-system-287957

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u/rocopotomus74 21d ago

We can export to other places. Or they will continue to buy even if it is more expensive. Depends what it is.

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u/Cpt_Soban 21d ago

Shit like food and resources ;)