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Scott French, Senior Lecturer in Economics, UNSW Sydney

Trump’s steel tariffs are unlikely to have a big impact on Australia. But we could be hurt by what happens globally

United States Donald Trump Australia aluminium the US Court of Appeals Trump Administration George W Bush
Shestakov Dymytro/Shutterstock

Just one day after the US Court of Appeals temporarily reinstated the Trump Administration’s Liberation Day tariffs of between 10% and 50% on nearly every country in the world, Trump announced tariffs on all US imports of steel and aluminium will increase from 25% to 50%.

He told the rally of steel workers in Pennsylvania the increase would come into effect Wednesday US time.

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