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Australia spared from Trump's latest tariff hike

10 News First · Recent
10 News First
10 News First
Recent

Australia has avoided a US tariff increase, maintaining a 10 per cent rate while other countries face higher tariffs. The decision follows negotiations between Australian and US officials, with the Albanese government claiming the outcome as a diplomatic success.

Breakdown
  • Australia retains a 10 per cent tariff rate on US exports, avoiding an increase.
  • The White House confirmed new and revised tariff rates after a negotiation pause. 15s
  • Australia is one of three countries spared from a tariff hike; others like New Zealand and Canada face higher rates. 38s
  • Australia's recent removal of biosecurity restrictions on US beef imports may have contributed to the outcome. 1m 17s
  • The Albanese government views the tariff decision as a diplomatic victory but remains cautious about future changes. 1m 35s
International PoliticsEconomyForeign Affairs