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The Guardian - AU
The Guardian - AU
Business
Jonathan Barrett Business editor

Labor offers $1bn in loans to Australian export companies and seeks to loosen US trade ties after Trump tariffs

United States Labor Australia Donald Trump David Jochinke CSL
A truck transporting containers leaves the Port Botany container terminal in Sydney
The Albanese government has opted against retaliating in kind against Donald Trump’s new tariffs, and instead unveiled five measures designed to find new markets and offer some protection to affected industries. Photograph: David Gray/AFP/Getty Images

Labor will provide $1bn in zero interest loans to help export-focused companies tap alternative markets as Australia seeks to loosen trade ties with the US in response to Donald Trump’s new tariffs.

The lending facility would complement a separate government initiative to fund representative bodies of affected sectors “to secure and grow new markets”.

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