Australia to examine ‘all options’ following Trump’s announcement of new ‘unjustified’ tariffs

The ASX is bracing for a fall after US President Donald Trump announced he was raising the global tariff rate from 10 to 15 per cent.

Trade Minister Don Farrell has confirmed he intends to discuss new US tariffs on Australia during his visit to the country later this week.

This comes after the US Supreme Court overturned his original 10 per cent import tariff.

In a statement, Mr Farrell criticised the move, writing: “Australia believes in free and fair trade. We have consistently advocated against these unjustified tariffs.

“We are working closely with our embassy in Washington to assess the implications and examine all options.”