Australian Prime Minister Anthony Albanese said he would raise Washington's new 12.5% tariff on Australian goods directly with U.S. President Donald Trump. The Trump administration imposed the tariffs on imports from 60 trading partners on Friday, with Australia among 38 economies assigned a 12.5% rate under Section 301 of the U.S. Trade Act. Albanese's Labor government has described the tariff as unjustified and is seeking its removal, arguing that Australia already maintains strong protections against modern slavery and is strengthening its enforcement framework. The higher tariff could increase costs for Australian exporters with substantial U.S. exposure, including producers of building materials, healthcare products, wine and manufactured goods.
Carlisle Companies IncorporatedCarlisle's building materials products may face higher costs from Australian imports due to the 12.5% tariff.
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