From wine and beef to pharmaceuticals and minerals, Trump’s global tariff regime opens up plenty of opportunities for South Australian companies writes Dr Susan Stone and Nick Gallus.

After a 90 day pause, US President Donald Trump announced the ‘final’ level of reciprocal tariffs.

These fell largely into three baskets. The first, of which Australia is one, are those countries who have a trade deficit with the US and they, more or less, remain at the baseline 10 per cent rate.

The second are the eight countries who have negotiated some kind of an agreement with the US and those tariffs range from 10 per cent to 20 per cent.

The third are those countries who have not been able to reach an agreement with the US or have not ‘tried’ to negotiate. These, roughly 60 countries, are facing tariffs that run the gamut from 15 per cent to up to 50 per cent. These tariffs have been applied to both small (e.g. Myanmar at 40 per cent) and large (e.g. Canada at 35 per cent) trading partners.

Many South Australian exporters will continue to feel the pain of the 10 per cent ‘Liberation Day’ tariffs and competing with American firms not paying the import tax.

They will also be concerned about the justification for some of the tariffs. President Trump has linked the Brazilian tariffs to its prosecution of former President Bolsonaro. The higher Canadian tariffs have been linked to Canada’s recognition of a Palestinian state. We could be targeted next.

South Australian companies not exporting to the US should also be worried by Friday’s announcement. They will need to compete in markets, both in and outside Australia, with likely growing number of foreign companies........

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