NewsABC News & HeadlinesTrump has slapped a 12.5pc tariff on Australian goods. What does that mean?
The US has confirmed a 12.5% tariff on Australian exports, meaning American importers pay more for Aussie goods — costs that could be passed on to consumers or cut demand.
The tariffs are supposed to combat forced labour, but one expert says the US president was just looking for another legal way to tax foreign imports.
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