This briefing note assesses trade and US tariffs, including an explanation and learnings for Australia. It seeks to explain the economic basis for tariffs, the apparent motives and impact of the so-called ‘Liberation Day’ tariffs, the benefits of trade, the exposure of the Australian economy to tariff wars, as well as discussing potential responses.

This policy brief examines the economic impacts of expanded multilateral agreements in Asia. The findings provide evidence-based insights for policymakers to understand the potential benefits from improved trade integration, navigate the complexities of national, regional, and sectoral trade, and to ensure the equitable distribution of its benefits.

The report assesses the global economic situation finding the global economy remained resilient in 2024. The report outlines recent developments, projections, risks and challenges, and policy requirements. It finds that inflationary pressures continue to linger in many economies and further fragmentation of the global economy is a key concern.

A review of trade policies and practices of Australia over the period 2020–24. The review found that Australia's trade remained strong and its economic recovery from the COVID-19 pandemic was aided by strong commodity prices for some of its key exports. Key challenges remain in respect of productivity, promoting foreign investment while encouraging industrial production.

This report explores the understanding and utilisation of benefits available to Australian industry and communities from trade, the challenges faced in accessing these benefits and how businesses can be further encouraged. The report notes that a global rise in protectionist sentiment poses a significant challenge for Australia as a trading nation. It makes 13 recommendations.