Shadow industry minister Kim Carr has flagged the possibility of imposing temporary import quotas on certain products if it wins the federal election, in order to prevent low-cost imports from flooding the domestic market. Carr has also expressed concern that the Trump administration’s tariffs on steel and aluminium imports could eventually see exporters redirect low-cost product from the US to Australia. From The Australian:
“We’re seeing it in iron and we’re seeing with steel, we’re seeing it with aluminium, we’re seeing it with a range of products,” Senator Carr said. “The American government is pursuing its trade agenda, which has profound consequences for Australia. It’s a time now when we should have heightened vigilance to ensure that there is not a backwash that overwhelms Australian industry”…
