Donald Trump has signed an order for new tariffs on select trading partners, just hours before the pause on his “reciprocal” tariffs scheme was due to lift.
But the “baseline” tariff on Australian exports remains unchanged, at 10 per cent, for now.
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.
On Thursday evening, local time, just before the pause expired, the White House published a list of new tariffs for dozens of countries.
“The president has determined that it is necessary and appropriate to modify the reciprocal tariff rates for certain countries,” a White House statement said.
The hardest hit countries are Syria (41 per cent), Myanmar (40 per cent), Laos (40 per cent) and Switzerland (39 per cent).
The tariff on Canadian products is rising from 25 per cent to 35 per cent.
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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