As the United States recalibrates its trade policies to combat what the Trump administration sees as “unfair” treatment by other countries, two significant industries have complained to US regulators about their treatment in Australia. The tech industry – particularly Big Tech platforms such as Google and Meta – says it is being “coerced” into handing cash to Australian media companies. And the pharmaceutical industry is upset about low prices and delays in getting new treatments into the Australian market. Why are we hearing about these complaints now? And what will they mean for Australia? The US Trade Representative requests a…
Author: Rob Nicholls, Senior Research Associate in Media and Communications, University of Sydney
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Big tech companies would have to either do deals with news organisations to help fund journalism or pay a charge to the Australian government, under a new plan announced by the Albanese government on Thursday. The new plan follows the Morrison government-era system introduced in 2021 known as the news media bargaining code, which saw companies such as Google and Meta (which owns Facebook, Instagram and Whatsapp) pay news organisations to help fund journalism. A press release issued on Thursday by Assistant Treasurer Stephen Jones and Communications Minister Michelle Rowland said the federal government is: establishing a News Bargaining Incentive…