Trump administration confirms new 12.5pc tariff for Australia
The Trump administration has imposed a new 12.5% tariff on Australian exports to the US, replacing a previous 10% temporary levy. Australian officials have criticized the move as unjustified, citing Australia's commitment to combating modern slavery.
Why it matters
This trade policy shift impacts international relations and economic ties between the US and Australia, potentially escalating trade tensions.
Donald Trump has introduced a range of tariffs during both his terms. ( Reuters: Kevin Lamarque )
Five months after a court struck down many of Donald Trump's tariffs, the US has announced a suite of new imposts for all of its major trading partners.
Australia has been hit with a 12.5 per cent tariff, while some countries have a 10 per cent tariff.
The new tariffs came into force at 2:01pm AEST on Friday. A temporary 10 per cent tariff lapsed at the same time, so Australia's tariff rate increased 2.5 percentage points.
Link copied Share Share article The Trump administration has placed a 12.5 per cent tariff on Australian exports to the US.
The new levy has replaced a temporary 10 per cent tariff that expired at the same time the new tariff took effect.
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