Donald Trump reveals new 'reciprocal' tariffs for US's trading partners
The US president announced the reciprocal tariffs, which vary from country to country, on April 2. But they have been on pause to provide time to negotiate deals.
The White House now says: "The president has determined that it is necessary and appropriate to modify the reciprocal tariff rates for certain countries."
Australia's exports to the US have been subject to the minimum 10 per cent "baseline" tariff since April. Mr Trump recently suggested the baseline tariff could increase to 15 or 20 per cent.
But the White House says that is not immediately changing, meaning the tariff on Australian products remains at 10 per cent for now.
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