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The Daily Aus
Headlines: Power prices to rise for millions of Australians
Mar 13, 2025
Trade Minister Don Farrell is set to discuss U.S. tariffs on Australian steel and aluminum, a crucial trade matter. Meanwhile, energy prices are projected to increase by up to 9% in parts of Australia, impacting millions. On a lighter note, the rescue mission for stranded NASA astronauts has hit a snag. In good news, recent research reveals that regular blood donation may help reduce cancer risk, bringing a glimmer of hope in health advancements.
03:44
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Quick takeaways
- Australian Trade Minister Don Farrell is actively negotiating to exempt Australia from the U.S. tariffs on steel and aluminum.
- Energy prices in Australia are expected to rise by up to 9%, impacting households and prompting government discussions on financial relief measures.
Deep dives
Impact of Trump's Tariffs on Australian Trade
The recent implementation of a 25% tariff on Australian steel and aluminum by the Trump administration is a significant concern for Australian Trade Minister Don Farrell. Farrell has expressed the government's determination to negotiate for an exemption from these tariffs, citing a scheduled phone call with a U.S. trade official over the weekend. He emphasized the importance of maintaining a composed approach throughout the negotiations, highlighting a commitment to convince American counterparts that the tariff strategy may not be beneficial. The government's proactive stance indicates a strategic effort to mitigate potential economic repercussions of these tariffs on Australian industries.
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