‘20 per cent': Donald Trump flags baseline tariff hike
Australia is captured by the baseline tariff regime, with a blanket 10 per cent impost slapped on most products flowing to the US despite a bilateral free-trade agreement.
The baseline tariff is imposed on top of sectoral duties – taxes targeting specific industries, such as steel and aluminium.
The US President floated his new tariff 'for the world' while speaking to reporters in Scotland overnight.
'I would say it'll be somewhere in the 15 to 20 per cent range,' Mr Trump said when pressed for a figure.
'I just want to be nice.
'Probably one of those two numbers.'
Australia's biggest export to the US is beef, which was worth $5.7bn in 2024, according to Meat and Livestock Australia.
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