Trump is having a media meeting at the US capitol rose garden to discuss tariffs Her is what has transpired to the moment.
Australia will get a 10% blanket tariff but there will also be certain bans on Australian beef imports.
- Donald Trump is implementing a "baseline" 10 per cent tariff on imports into the US.
- He's also placing higher reciprocal tariffs on some of the so-called "worst offender" trade partners.
- These reciprocal tariffs differ from country to country.
- Australia is subject to a 10 per cent reciprocal tariff.
- The White House says the reciprocal tariffs are, in most cases, half of what Trump's advisers have determined they should be.
- We understand Trump and his advisers have determined non-tariff trade barriers – including biosecurity restrictions like Australia's – are worse for the US than actual tariffs.
- The 10 per cent baseline tariff takes effect at Saturday, April 5 at 12:01am local time (3:01pm AEST). The higher reciprocal tariffs take effect on Wednesday, April 9 at the same time.
The other tariffs on the chart are:
- 34 per cent tariff on China
- 20 per cent on the European Union
- 46 per cent on Vietnam
- 32 per cent on Taiwan
- 24 per cent on Japan
- 26 per cent on India
- 25 per cent on South Korea
- 31 per cent on Switzerland
- 32 per cent on Indonesia
- 24 per cent on Malaysia
- 49 per cent on Cambodia
- 10 per cent on the UK
- 30 per cent on South Africa
- 10 per cent on Brazil
- 37 per cent on Bangladesh
- 10 per cent on Singapore
- 17 per cent on Israel
- 17 per cent on the Philippines
- 10 per cent on Chile
- 29 per cent on Pakistan
- 10 per cent on Türkiye
- 44 per cent on Sri Lanka
- 10 per cent on Colombia
17
Donald Trump says he will impose a 25 per cent tariff on all foreign-made cars.
He says it will be effective at midnight, US time.
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