Industries across the country are bracing for the impact of the Trump administration’s worldwide tariff regimeUS rules out tariff exemption for Australia after Trump ‘considered it and considered against it’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA run on gold in the US – fanned by fears of a global trade war – has given Australia its first trade surplus with the US in decades, undermining the government’s key argument for exemption from Donald Trump’s impending global tariff regime.Australia will reportedly be included in a comprehensive global tariff regime of 25% on aluminium and steel imports from Wednesday, which is set to expand to other sectors, such as agriculture and pharmaceuticals, in coming months.Sign up for Guardian Australia’s breaking news email Continue reading...
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