Trade minister promises cheaper prices, higher wages over trade deals

Cheaper prices and higher wages, that's Trade Minister Don Farrell's committedness if nan authorities tin unafraid caller deals pinch nan US and Europe.

As Prime Minister Anthony Albanese prepares to look US President Donald Trump successful Canada, Australian officials are stressing "diverse partners" are key.

"Irrespective of what nan Americans whitethorn do, we person a divers group of trading partners," Farrell told Sky News today.

What nan Americans do whitethorn travel down to a gathering betwixt Trump and Albanese adjacent week.

"Keir Starmer has now achieved a partial exemption from nan alloy and aluminium tariffs and Australia is astatine slightest arsenic bully an state of nan United States arsenic nan United Kingdom is and truthful there's nary logic why nan Prime Minister shouldn't astatine slightest beryllium capable to unafraid that exemption.," Liberal Senator James Paterson told nan ABC's Insiders today.

Improved entree to Australia's captious minerals, a marketplace presently dominated by China, will beryllium nan cardinal to talks pinch nan US while American beef producers besides want entree to our market, presently restricted because of biosecurity concerns.

"I deliberation it's incumbent to Australia and nan remainder of nan world to opportunity to America - these are precisely nan incorrect policies to adopt," Farrell said.

Australia's waste and acquisition officials are presently negotiating connected some sides of nan Atlantic, seeking tariff alleviation from nan US and a free waste and acquisition statement pinch nan European Union. 

The $20 trillion trading artifact offers 440 cardinal imaginable caller consumers for Australian products.

"I judge now location is an appetite connected some sides - nan world has changed," Farrell said.

Leaders from Europe will subordinate Trump and Albanese successful Canada adjacent play for nan G7 summit, which is shaping up arsenic a important gathering for trade, defence and world security.

"We request to beryllium clear eyed astir our premier curate opinionated up for our interests," Liberal MP Tim WIlson told Insiders.

Also heading to Calgary is Indian leader Narendra Modi arsenic officials proceed to beforehand person waste and acquisition betwixt Australia and India.

The authorities is promising not conscionable cheaper prices connected shelves but higher wages arsenic well.

"If you're an outward-facing trading institution successful Australia your profits are going to beryllium higher but much importantly nan wages of your labor are going to beryllium higher arsenic well," Farrell said.