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.<\/p>\n
But the “baseline” tariff on Australian exports remains unchanged, at 10 per cent, for now.<\/p>\n
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.<\/p>\n
On Thursday evening, local time, just before the pause expired, the White House published a list of new tariffs for dozens of countries.\u00a0<\/p>\n
“The president has determined that it is necessary and appropriate to modify the reciprocal tariff rates for certain countries,” a White House statement said.<\/p>\n
The hardest hit countries are Syria (41 per cent), Myanmar (40 per cent), Laos (40 per cent) and Switzerland (39 per cent).\u00a0<\/p>\n
The tariff on Canadian products is rising from 25 per cent to 35 per cent.<\/p>\n
Australia’s exports to the US have been subject to the minimum 10 per cent “baseline” tariff since April.\u00a0<\/p>\n
Mr Trump recently suggested the baseline tariff could increase to 15 or 20 per cent.<\/p>\n
But the White House says that is not immediately changing, meaning the tariff on Australian products remains at 10 per cent for now.<\/p>\n
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