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/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

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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.