{
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Australia avoids US tariffs but faces economic challenges ahead

Australia has avoided the steep tariffs imposed by the US, facing only a general 10% tariff while being exempt from higher rates affecting countries like China and Japan. However, challenges loom for Australian beef farmers due to new trade barriers, and potential economic slowdowns in China could significantly impact Australia's resource-dependent economy, particularly in regions like Western Australia. Prime Minister Anthony Albanese criticized the tariffs, while Foreign Minister Penny Wong emphasized the need for a measured response to the disruptions affecting key sectors.
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Australian Dollar South Korean Won Japanese Yen Chinese Yuan United States Dollar Samsung SDI Co., Ltd. Apple Inc. JPN USA KOR CHN AUS Penny Wong Anthony Albanese Show more
Finance & Economy, News Article
08:30 03.04.2025
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