This is mindless stuff. It’s being portrayed as a way of maintaining revenue to fund Labor’s tax package. But the tariffs are a regressive tax that will marginally penalize Labor voters, will “save” not a single job in manufacturing and will be completely overwhelmed by exchange rate movements. Pointless and misleading for both workers and voters. bq. Import duties [on motor vehicles] are due to fall from 15 per cent to 10 per cent on January 1, but to soften the blow on the domestic car industry Labor plans to reduce tariffs by 1 per cent annually until 2010 (“ABC”:http://www.abc.net.au/news/newsitems/200409/s1194303.htm)
Peter Gallagher is a leading Australian consultant on trade and public policy.[bio].
"I can help you with strategies for, and analysis of, international markets, law and regulations, trade agreements, export policies, import restrictions… I also offer reports, conferences and master-classes for government officials and industry associations on international trade research."
Email: Peter Gallagher