The Daily Aus Headlines: Govt to scrap 'nuisance tariffs' on 500 products
Aug 28, 2025
The Federal Government is eliminating import taxes on 500 products, aiming to ease costs for consumers. Meanwhile, Qantas reports a remarkable 28% profit increase, hitting $1.6 billion. A tragic shooting incident at a Minnesota Catholic school leaves two children dead. On a brighter note, scientists have discovered a worm that converts oceanic poison into golden crystals, showcasing nature's surprising ingenuity.
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Removing Nuisance Import Tariffs
- The federal government will remove 500 so-called nuisance import tariffs to reduce costs for consumers and businesses.
- The move follows abolition of 457 tariffs last year and aims to lower compliance burdens while opening trade.
Treasurer Frames Tariff Cuts As Pro-Trade
- Treasurer Jim Chalmers said nuisance tariffs became a costly inconvenience and compliance burden for businesses.
- The government frames the removals as tearing down trade barriers while other nations build them.
Qantas Profit Rises Amid On-Time Gains
- Qantas reported a 28% rise in annual net profit to $1.6 billion driven by strong travel demand.
- The airline also had its best on-time performance since 2019 despite a recent federal court $90 million penalty over pandemic sackings.