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subterranean

(3,594 posts)

10. It's not because of the beef.

Reply to Violet_Crumble (Reply #4)

Fri Apr 4, 2025, 01:13 AM

Yesterday

Australia only got hit with the 10% baseline tariff, but no "reciprocal" tariff because it has a trade deficit with the U.S.
The "reciprocal" tariffs are calculated based on the U.S. trade deficit with each country, but Australia is one of the few countries with which the U.S. has a trade surplus .

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