The United States recalculates Trump management as to fight as what isunfairly“Treatment of other countries, two excellent industries, the United States complained to us about the treatment of Australia.
Tech industry – Great technological platforms such as Google and Meta – saying “Forced” to provide cash to Australian media companies. And the pharmaceutical industry disappoint About low prices and delays to get new treatment to the Australian market.
Now why do we hear about these complaints? And what will you mean for Australia?
US Trade Representative requires a stack
The Office of Trade Representative (Ustr) in February Invited comments From the public to review and identify any unfair trade experience of other countries. Call “The first trade policy in the United States with the Presidential Memorandum and the Presidential Memorandum on mutual trade and tariffs.”
The goal was to use this consultation to investigate this consultation from any mutual trade arrangements. Consultation is designed to help UVT recommend appropriate measures to eliminate such experiences.
In fact, it was invited to complain to any and all countries, including Australia. All relevant industrial circles have accepted this opportunity with a highly enthusiasm.
Had 766 Presentation.
Big Tech has complaints
A technological group called the Union of Computer and Communications (CCIA) made a submission Increasing concerns about the digital policy of several countries, including Australia.
The presentation stressed the policies called “extraction and redistribution features” to subsidize a set of market participants to subsidize the economic activity of the other.
The Australian Concern of the Association is in the spotlight News media bargain code. To do this, it requires you to pay the news visible on the platforms of technical companies.
CCIA is characterized by the Deal code as follows:
Mandatory and discrimination tax that requires the United States technology companies to subsidize media companies.
CCIA defended the importance of the financial burden of the Code. He said that two companies (Although Google and Meta, CCIA named them) “As a result of the threat of this law, pay $ 250 million a year in transactions.”News Market Promotion“The platform is aimed at promoting a deal with media companies.
Adjustment by default
CCIA is also concerned about the changes in the competition law that will lead to adjustable platforms as standard. That is, such as telecommunications and electric companies, as designated platforms, are expected to have a substantial market. (It was a discovery made by this Australian competition and consumer commission in 2019.)
The industrial group claimed that the Australian regulator’s digital markets of the European Union (DMA) was modeled. In fact, Australia is likely to look closely at both EU and UK regimes.
CCIA said that separate companies of this standard regulation will target US companies with discriminatory obligations.
However, the “appointed” – regardless of the home country, will have these obligations. The proposed approach does not target or discriminate against US enterprises.
It is true that there will be severe punishments for the violation of the proposed approach, and CCIA complains about these “significant fines.” The CCIA determines how the rules cause the government to restrict the government’s use of customers how customers use their data and can prefer their products.
CCIA said these measures are disproportionately, as similar to other jurisdictions, they are concerned about the target of US companies. At the same time, significant compliance costs will also apply and local competitors can serve the background for industrial policy designed. Such rules claim that the operating procedures and services may require change and may result in heavy fines of inconsistency.
The presentation also appeals to the demands offered for Australia’s international video providers that may require Australia’s components to separate US components 10-20% to Australian content. It does not note that the same thing is true for Australian streaming platforms.
Big Pharma also has complaints – and the local ally
Big Pharma, America (PHRMA) Industry Association (PHRMA) is also through the industry and manufacturers sagly about different countries. Parts about Australia include delays for approval of medication benefits scheme (PBS) and new treatment.
Drugs are a local organization that represents Australian – Pharmaceutical companies – Agree about delaysWanting a PBS opinion Published last year.
Obstacles for trade
Critical presentations should not be no surprise. In order to complain on behalf of the members, any industrial group, which took place in such a gold, is undoubtedly not working.
In the case of both great technological and Big Pharma, Australia, Australia, was only one of the targets. Again, potential impacts are high.
Ustr looks at seeing the regulatory barriers as US companies facing the regulatory obstacles. At least one Australian industrial association is united over the stack.
How will the Ustrage answer? Given the current approach to the White House, there is a significant risk that will recommend revenge tariffs in Australian products.
