CANBERRA -- Australia’s government is rethinking future tariff reductions in its domestic car industry. New Minister for Industry Ian Macfarlane says in a published report that further reducing tariffs could damage Australian interests. "In terms of the car industry, there is a reduction to 10% tariffs in 2005, but we'll need to look at where that goes," he says in his first interview with the Australian press since recently taking office. The current 15% tariff on imported vehicles is ...
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