
Australian news and politics live: Business leaders cautious as PM prepares for China, new tariffs released
US President Donald Trump has sent letters to the leaders of seven additional countries, warning of new tariff rates as high as 30 per cent on goods shipped to the United States.
The latest recipients include the Philippines, Sri Lanka, Moldova, Brunei, Algeria, Libya, and Iraq, with new tariffs set to take effect August 1 unless trade deals are reached.
Australia continues to face a 10 per cent baseline tariff on most exports to the US, which Prime Minister Anthony Albanese recently said is likely to remain in place.
The White House letter to Brazil's President Lula da Silva sharply criticised the trial of former President Jair Bolsonaro, calling it a 'witch hunt' and an 'international disgrace.'
Read the full story here.
Australian business groups are 'cautiously optimistic' a visit to China by Anthony Albanese will help normalise a fragile relationship with Beijing.
The Prime Minister will travel to China on Saturday for a six-day visit of Beijing, Shanghai and Chengdu, where he will be accompanied by a delegation of Australian business leaders.
Australia China Business Council president David Olsson said the relationship between the two nations has had an 'incomplete recovery' with a changing market in China.
'While everyone's cautiously optimistic, I think we all recognise that the relationship remains somewhat fragile, and that's why these regular government to government dialogues is just so important,' he told AAP.
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