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Trade and tariffs: what does it mean for Australian businesses?
Insight Trade and tariffs: what does it mean for Australian businesses?
With the United States of America electing President Donald Trump for a second term, many economists are considering how this will affect both global and local economies. Whether potential tariffs come to fruition, Australian businesses should take this opportunity to review their supply chain, transfer pricing policies and export strategies and prepare ahead of time to lessen any potential impacts to their business.
Richard Nutt
Rashtin Fazal
| 4 min read | 06 Dec 2024
Impact of pending USA de minimis reforms on Australian retailers
Client Alert Impact of pending USA de minimis reforms on Australian retailers
The USA is preparing reforms to its de minimis exemptions, a change that could significantly affect Australian retailers selling goods manufactured in China and exporting to the USA. With higher tariffs and stricter customs regulations on the horizon, businesses may face increased costs and compliance challenges, requiring a reassessment of supply chain strategies.
Richard Nutt
Rashtin Fazal
| 4 min read | 25 Sep 2024
Australian wine export strategies post-China tariff removal
Insight Australian wine export strategies post-China tariff removal
Following the recent removal of tariffs on Australian wine by China, the industry is keen to rebuild relations and explore the right export markets. This presents Australian wine producers with a chance to reassess their position in the global market.
Cameron Bacon
Richard Nutt
Adam Fisher
Liam Kubicek
| 5 min read | 24 Jul 2024
Shaping the future: the role of Government in revitalising Australia’s onshore manufacturing
Insight Shaping the future: the role of Government in revitalising Australia’s onshore manufacturing
The recently announced ‘Future Made in Australia Act’ underscores the Government’s commitment to the manufacturing re-shoring objective, demonstrating a willingness to adopt an interventionist approach to safeguard and build our sovereign capabilities, ensure our competitiveness with neighbouring countries, and allies and guard against growing geo-political tensions.
Michael Climpson
Richard Nutt
Simone Barker
| 6 min read | 01 May 2024
Interplay of transfer pricing & customs for sectors in the India-Australia business corridor
Insight Interplay of transfer pricing & customs for sectors in the India-Australia business corridor
Grant Thornton Bharat and Grant Thornton Australia hosted a joint webinar on the correlation between transfer pricing and customs for various sectors in the India-Australia business corridor.
Richard Nutt
Richard Nutt
| 2 min read | 27 Mar 2024
Green tariff considered to support decarbonisation in manufacturing
Client Alert Green tariff considered to support decarbonisation in manufacturing
Australia's commitment to reducing carbon emissions is taking a powerful step forward with the proposed green tariff. New regulation has been proposed by Australia's Climate Change Minister, Chris Bowen, through the implementation of a carbon border adjustment mechanism on steel and cement imports. Designed to ensure a level playing field for our domestic manufacturers, this initiative could reshape the business landscape by increasing costs on imports and emphasising environmental compliance.
Richard Nutt
Richard Nutt
| 3 min read | 21 Aug 2023
Global carbon tax measures and impacts on trade
Insight Global carbon tax measures and impacts on trade
While Net Zero targets have been on the agenda for years now, we’ve recently seen a rise in measures along the regulatory landscape. Across the globe, there’s been significant public and private investment to support and encourage sustainable practices, implement carbon policy, develop taxes on carbon footprint and plastic use, and more. In a rapidly changing regulatory environment where exporters need to adapt to new measures implemented across multiple jurisdictions, how can Australian businesses adapt? And what tax reforms can businesses expect domestically?
Richard Nutt
Vince Tropiano
| 4 min read | 26 Apr 2023
Carbon tariffs on emissions-intensive imports to nurture domestic manufacturing
Insight Carbon tariffs on emissions-intensive imports to nurture domestic manufacturing
Tariffs on emissions-intensive imports are expected to be introduced to adhere to the Government’s proposed emission targets. Climate Change and Energy Minister Chris Bowen put forward a proposal to enforce pollution caps on the country’s 215 biggest emitters, with the view to reduce their greenhouse output by 5 per cent a year until 2030. There’s no doubt that these emission targets are aggressive – but with penalties in place if organisations don’t comply, we expect to see a positive impact on the adoption of sustainable practices across businesses, manufacturing processes and along the supply chain.
Richard Nutt
Andrew Rigele
| 3 min read | 24 Jan 2023
Export into India: opportunities for Agribusiness, Food & Beverage businesses
Insight Export into India: opportunities for Agribusiness, Food & Beverage businesses
With the Australia-India Economic Cooperation and Trade Agreement passing through Federal Parliament of Australia last week, now's the ideal time to assess your India strategy. What are the key opportunities your Agribusiness, Food & Beverage business can explore as part of your India strategy? Find out more about areas of opportunity you can leverage.
Tony Pititto
Richard Nutt
Thomas Caldow
| 4 min read | 01 Dec 2022
Will the Federal Budget reveal the Government’s long-term plan for supply chains?
Insight Will the Federal Budget reveal the Government’s long-term plan for supply chains?
With less than one week to go until Labor hands down its first Federal Budget, it will be interesting to see what the Government will do to help set up the future of Australia. Our economy – like many others around the world – is still experiencing supply chain pressures, and with a potential global recession looming, there are some steps the Government could take to ensure Australia’s economic strength over the long term.
Richard Nutt
Richard Nutt
| 4 min read | 20 Oct 2022
Trade policies in the context of domestic manufacturing
Insight Trade policies in the context of domestic manufacturing
With rising supply chain costs and disruptions on a global scale as a result of the pandemic, Australia has been a prime example of resilience by increasing reliance on domestic products to minimise shortages. Although we’ve increased the supply of Australian products, some organisations struggle to compete with global sellers. As supply chains slowly ease back into a pre-pandemic rhythm and import capabilities open back up to their full potential, to compete on a global scale more efficiently, this creates an opportunity to consider where trade policies via tariffs and quotas could be applied to even out the playing field.
Richard Nutt
Richard Nutt
| 3 min read | 09 May 2022
Bearing the brunt of supply chain pressures
Federal Budget 2022-23 Bearing the brunt of supply chain pressures
As a result of COVID-19, international supply chain issues are now affecting businesses across all industries on a scale not seen in the last 50 years.
Richard Nutt
Richard Nutt
| 7 min read | 30 Mar 2022
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