Impact of Recent Tariff on Australia
Currently, the Australian aluminium industry is under significant pressure due to Trump’s recently imposed tariff making it difficult for the country to export to the United States. As a result, this is also creating mounting anxiety within the country concerning the rising trade disruption as well as the increased threat of dumped aluminium entering the threshold. Amidst this wake, it has become highly crucial to promote Austrian-made aluminium.
Economists had issued a clear warning to Australia following the United States’ threats to impose an additional 50 per cent tariff on Chinese goods imports. On Wednesday, April 9, the warnings proved true with the Australian dollar going down to US 60 cents, indicating the lowest in the last two decades.
A chief economist, Richard Yetsenga said, "China is one-third of global production, and the US is a quarter of global demand, and 100% tariffs make it hard for much trade to happen between those two countries. How can Australia not be materially affected?"
Capral Aluminium, with the same viewpoint, has reinforced its commitment to local manufacturing by becoming an adamant part of the Australian Made Campaign. This move shall not only position the company as a proud Australian manufacturer but also aid local consumers and businesses to easily identify and support the initiative.
