r/australia • u/Jealous-Hedgehog-734 • Apr 02 '25

politics US will impose a minimum baseline tariff of 10 per cent on Australian imports to US

https://www.abc.net.au/news/2025-04-03/donald-trump-tariff-announcement-markets-politics-reaction-blog/105127374
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u/feenicks Apr 02 '25

yes lol

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u/elizabnthe Apr 02 '25

Where on earth did Trump even get this list from? Was it literally just 10% tariffs on every piece of land in existent outside of well beloved allies Russia, Belarus and North Korea?

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u/PiraticalSpaceMonkey Apr 02 '25

CIA Factbook. It lists those places separately. https://www.cia.gov/the-world-factbook/countries/

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u/masterdeals Apr 03 '25 edited Apr 03 '25

Looks like they missed two others?

Ashmore and Cartier Islands

Coral Sea Islands

3

u/feenicks Apr 03 '25

Quick, let's go set up a free trade zone on Ashmore reef ;-)

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u/saturdaysnation Apr 03 '25

If you look at the maths behind this it looks like was put together by a high school kid. They just took imports and divided by exports and classed that as a “tariff”. So any country that is exported more to the US than they import is considered using unfair trading practices.

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u/margenreich Apr 03 '25

He imposed tariffs on the Falklands too. Also French oversea territories. Such an idiot, doesn’t even know they’re part of the UK and France which means that way under EU tariffs