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Key Points
- White House aides have reportedly drafted a plan to impose 20 per cent tariffs on most goods imported into the US.
- Anthony Albanese has vowed not to compromise Australian trading standards for the US.
- Trump will unveil his long-awaited global tariff plan on Thursday Australian time..
“You undermine our biosecurity system? Not on my watch. On my watch, our biosecurity system is essential.”
White House officials say no final decision has been made about the size, scope, and target of the tariffs.
Factories around the world, from Japan to the United Kingdom to the United States, had an activity slump in March as businesses braced for Trump’s tariffs, although some registered a bounce in the race to get goods to consumers before the new measures hit. Source: AP / Jae C. Hong/AP
The White House said on Tuesday that the reciprocal tariffs Trump will announce on 2 April will go into effect immediately, and car tariffs will proceed as scheduled.
The Republican president has already imposed tariffs on aluminium and steel imports and has increased duties on all goods from China, raising tensions with the country’s largest trading partners.
