In previous years, tariffs have had a role to play. But the emergence of the global market place and exchange rate variations means that today, tariffs are not the solution to growth and jobs they were once thought to be.
Tariffs are a tax.
They lift the cost of living and often hit low income families hardest. Tariffs equal higher costs to business Tariffs increase costs to businesses, many of which need some imports to produce their goods and services. For example, tariffs on tractors, utes and other equipment are added costs for farmers. Tariffs equal less choice, lower quality Because Australia's tariffs have fallen, we can choose from a wider range of higher quality products from all over the world at prices more people can afford. Take televisions, for example.