Australia should abolish its remaining tariffs to improve economic efficiency and competitiveness. While tariffs have been gradually reduced, the current system imposes unnecessary costs, distorts supply chains and creates administrative burdens, especially for small businesses. Abolishing tariffs would lower prices for consumers, reduce business costs and simplify supply chains, boosting resilience in a disrupted global market. Eliminating tariffs would also enhance Australia’s leadership in global trade policy and align with its open-market stance, benefiting both businesses and consumers.