Australia to review options after US raises tariffs to 15% on all imports

In Brief

Australia will consider responses following US President Trump's tariff increase to 15%.

Key Facts

• US President Donald Trump announced a temporary 15% tariff on imports from all countries.
• The tariff increase was announced less than 24 hours after the US Supreme Court ruled against the legality of Trump's previous trade policy.
• Australia's Trade Minister Don Farrell stated Australia has consistently opposed the tariffs and will examine all options in response.
• The previous tariff rate was 10%, raised using a different authority than the mechanism struck down by the Supreme Court.
• The Supreme Court ruled that Trump exceeded his authority and should have obtained congressional approval for the tariffs.

What Happened

On Saturday, US President Donald Trump announced an increase in the temporary tariff rate on imports from all countries to 15%, following a Supreme Court ruling that invalidated his previous trade policy. Australia’s Trade Minister Don Farrell responded by saying Australia will examine all options to address the tariffs, which Australia has consistently opposed.

Why It Matters

The tariff increase impacts global trade relations and may affect Australian exports to the US. The Supreme Court ruling highlights legal limits on presidential trade authority, potentially influencing future US trade policy and international responses.