Browsing: free trade

The Australia Institute’s recent analysis of the Australia-U.S. Free Trade Agreement (AUSFTA) reveals growing concerns over its impact on the Australian economy. Initially criticized as a bad deal, new data suggests its drawbacks have intensified, prompting calls for reform.

Australian Prime Minister Anthony Albanese has criticized the US decision to impose tariffs on Australian goods, labeling the move as “not a friendly act.” This response follows former President Donald Trump’s refusal to grant an exemption for Australia, heightening trade tensions.