Australia to Scrap Tariffs on Everyday Imports Like Tyres, TVs, and Air Conditioners

Studies show the economy loses $1.60 for every dollar of tariff revenue.

Australia Treasurer Jim Chalmers attends a press conference in parliament house in Canberra, Australia, on July 8, 2025. David Gray/AFP via Getty Images

Australian Treasurer Jim Chalmers is set to abolish another 500 tariffs as part of a push to cut red tape and lower prices for consumers.

The so-called “nuisance tariffs” are low-value charges that generate little revenue but create significant compliance costs for businesses.