I didnt know they finished after Trumps term...the Dems will for sure put it all back on again as they are spendriffs the same as Labor here. The Dems give money away to all sorts of worthy causes like Trans education in Somalia or other ridiculous things
Well if thats true then why is austrlia hit with tarriffs from the EU and many other countries despite us not charging them tarriffs..sort of a oxymoron there dont you think? We dont charge tarriffs on the incomming here although the USA thinks the GST is a tarriff but then again you have to remember they have always thought of themselves as the centre of the universe.
European Union
There is no FTA in force yet (negotiations concluded in March 2026, but the deal is still going through domestic ratification processes in Australia and the EU). As a result, many Australian agricultural products (especially beef, dairy, grains and some processed foods) face relatively high EU Most-Favoured-Nation (MFN) tariffs or restrictive tariff-rate quotas.
And there are many others
China
Most goods enter at zero or low rates under the China-Australia Free Trade Agreement (ChAFTA) and RCEP. However, China currently applies a 55% additional safeguard tariff on Australian beef that exceeds the annual country-specific quota (around 205,000 tonnes). The quota was filled in mid-June 2026, so the higher rate has applied for the rest of the year. It resets at the start of each calendar year.
We dont charge them anything for their goods no matter what it is...is this fair?
No different here with the tax on the rich..they system is designed so that a lot escape them. Companies like Apple whose offices are based overseas for tax purposes..I think theirs is in Ireland and so are a lot of others.
Heaps rag on Gina Rhinehart but she and her companies pay her taxes at the correct rates
Hancock Prospecting (Gina Rinehart’s main company) paid about $2.3 billion in Commonwealth and state taxes for the financial year ended 30 June 2026.Hancockprospecting
This figure comes from the company’s 2026 annual report and media release (around 31 October 2026). Key details include
Net profit after tax of $2.8 billion.
Total comprehensive income of $5.2 billion (including investment portfolio gains).
Over the past decade, Hancock’s total federal and state tax contributions reached $24.5 billion (plus additional taxes via employee salaries).
The core mining division, Hancock Iron Ore, accounted for roughly $1.59 billion of that (corporate tax, iron ore royalties, state payroll taxes, and Native Title contributions). The remaining ~$710 million related to other interests.
Apple Australia (primarily Apple Pty Ltd) paid approximately $188–200 million in corporate income tax to the ATO in the most recent reported period.
Apples income for last year was about 13.1 BILLION dollars where Hancock prospecting was only 5.2 Billion