Australian businesses brace for economic impact of US tariff hike | ABC NEWS
In a move that has left businesses reeling, the US has confirmed a 12.5 per cent tariff on Australian exports, to replace the already imposed 10 per cent levy.
Economists say the tax will make it harder for Australian businesses to compete and sell their products into the US market, hurting the local economy in turn.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-07-24/donald-trump-us-tariff-australian-imports-trade-/106953364
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
