Time for Australia to abolish tariffs. (eastasiaforum.org)

submitted 2 months ago by Mee@reddthat.com to c/australia@aussie.zone

4 comments fedilink hide all child comments

Australia should abolish its remaining tariffs to improve economic efficiency and competitiveness. While tariffs have been gradually reduced, the current system imposes unnecessary costs, distorts supply chains and creates administrative burdens, especially for small businesses. Abolishing tariffs would lower prices for consumers, reduce business costs and simplify supply chains, boosting resilience in a disrupted global market. Eliminating tariffs would also enhance Australia's leadership in global trade policy and align with its open-market stance, benefiting both businesses and consumers.

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[-] dumblederp@aussie.zone 18 points 2 months ago

Australia should build more local production and manufacturing.

[-] No1@aussie.zone 2 points 2 months ago* (last edited 2 months ago)

Meanwhile, in the USA, a stable genius has other ideas.....

[-] slazer2au@lemmy.world 1 points 2 months ago

Wouldn't doing this also cause job losses as products currently being made here will be shipped offshore, allowing further market consolidation which will drive up prices as smaller players can't get the same bulk import price?

this post was submitted on 09 Mar 2025

1 points (53.3% liked)

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