From www.aumanufacturing.com.au: US President Donald Trump has imposed a 10% tariff on Australian exports, effective April 5, amid a broader range of tariffs affecting products from 60 countries.

The impact is expected to be significant, particularly on Australian meat products, while also threatening regional demand for major exports like iron ore and gas due to higher tariffs on key trading partners such as China and South Korea.

In response, the Australian government is exploring negotiation options, potentially finding new markets, while reinforcing local trade measures to mitigate the adverse effects.