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Australia to continue paying baseline 10 per cent US tariff rate

The US will keep Australia’s baseline tariff rate at 10 per cent, while other nations have been slapped with higher levies.
Tess IkonomouBy Tess Ikonomou

Australia escapes Trump's tariff hike

Australia to continue paying baseline 10 per cent US tariff rate

The US will keep Australia’s baseline tariff rate at 10 per cent, while other nations have been slapped with higher levies.
Tess IkonomouBy Tess Ikonomou

Australia will be spared from higher tariffs after the Trump administration announced new levies for dozens of countries.

The White House on Friday, Australian time, revealed the US president’s decision to hike import taxes for products from nations that “failed to engage in negotiations with the United States or to take adequate steps to align sufficiently on economic and national security matters”.

Australia is not included on the list and its products will continue to be subject to a baseline 10 per cent tariff rate.

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New Zealand imports will be subject to a greater 15 per cent tariff, while more punitive rates have been imposed on products from other nations including Canada.

The Albanese government recently wound back biosecurity restrictions on US beef imports, although ministers insisted the move was a coincidence and not in response to the tariffs.

Washington has complained to Australia about non-tariff trade barriers in place, including long-standing restrictions on beef following a prior outbreak of mad cow disease.

The US president has struck trade agreements with major partners such as Japan and the European Union after threatening them with punitive tariffs.

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