Trump puts tariffs of at least 10pc on imports, including from Australia

The US will place tariffs of at least 10 per cent on foreign imports from Saturday, including those from Australia, after President Donald Trump finally unveiled his long-awaited “liberation day” trade policy. But dozens of countries will be subject to higher “reciprocal” tariffs, which differ from place to place based on customised calculations made by Mr Trump’s advisers. The US has calculated Australia should be subject to a 10 per cent reciprocal tariff because of non-tariff trade barriers, including biosecurity restrictions on some American food. What is a tariff? A tariff is a tax on a product imported from another…