Since the return to power of US President Donald Trump, tariffs have barely left the front pages.
While the on-off-on tariff sagas have dominated the headlines, a paper released this week by the government’s Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has highlighted other barriers. These non-tariff measures could actually be having a greater impact in terms of preventing trade.
The report says these non-tariff measures are equivalent to Australian agricultural exporters facing a tariff of 19%.