Business
Households should benefit from significant falls in electricity costs this year despite a major spike in usage caused by lockdowns and pandemic restrictions, according to the Australian Competition and Consumer Commission.
News
The Morrison Government has reviewed the China-Australia Free Trade Agreement, declaring it a win for local businesses and consumers despite lingering concerns, particularly for beef producers.
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Treasury Wines, the owner of the Penfolds label, will attempt to cushion the blow from China’s tariffs by pivoting to other markets.
The Chinese Government has announced it will place tariffs on all Australian wine imports from tomorrow, striking a blow to the $12 billon a year industry.
Tariffs on Australian beef into China will jump from less than 5 per cent to 12 per cent for six months, with increases also expected on whole milk powder as preferential tariffs are withdrawn.
