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
Tracking Trump’s tariffs<\/p>\n
“Reciprocal” tariffs<\/strong>: Country-specific tariffs between 11-50pc were imposed in April, then paused. Some have now been modified. They are due to take effect on August 7.<\/p>\n “Fentanyl” tariffs<\/strong>: 25pc tariffs on Canada and Mexico have been in place since March, with some exemptions. The tariff on Canadian goods is increasing to 35pc.<\/p>\n China tariffs<\/strong>: A 145pc tariff on Chinese imports has been paused until mid-August. For now, minimum 30pc tariffs apply, with some exemptions.<\/p>\n Sector-specific tariffs<\/strong>: Steel, aluminium and (from August 1) copper products have 50pc tariffs. Imported cars and parts have 25pc tariffs.<\/p>\n Deals:<\/strong> The US say it has made deals with at least eight trading partners, including the UK, EU and six Asian nations. They include tariffs of 10-20pc.<\/p>\n “Baseline” tariff<\/strong>: Almost all other imports, including those from Australia, are subject to the 10pc “baseline” tariff. Donald Trump has suggested it could rise to 15-20pc, but it remains unchanged for now.<\/p>\n Loading<\/p>\n","protected":false},"excerpt":{"rendered":"Donald Trump has signed an order for new tariffs on select trading partners, just hours before the pause…\n","protected":false},"author":3,"featured_media":108875,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4740,69,1567,50,18244,75,2175,29808,8304,67,69432,26756],"class_list":{"0":"post-108874","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-australia","9":"tag-donald-trump","10":"tag-india","11":"tag-news","12":"tag-scott-bessent","13":"tag-tariff","14":"tag-tariffs","15":"tag-trade-deal","16":"tag-trade-war","17":"tag-united-states","18":"tag-us-china-tariffs","19":"tag-us-china-trade-war"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114950646250592630","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/108874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=108874"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/108874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/108875"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=108874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=108874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=108874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}