What do Trump's tariffs mean for Australia?

<p>This week, the White House confirmed Australia would not be exempt from President Donald Trump's tariffs on U.S. imports. It comes after months of uncertainty and efforts by the Albanese Government to negotiate an exemption for Australian steel and aluminium. However, the 25% import tax officially came into effect yesterday afternoon. The Federal Government has vowed to continue pushing for an exemption. The tariffs followed a tumultuous start to the week for the U.S. economy and global markets after Trump refused to rule out the possibility of a U.S. recession. Today, we&rsquo;ll explain what you need to know about the latesct from the U.S. and what it all means for Australia's economy</p> <p>Hosts: Emma Gillespie and Billi FitzSimons<br />Producer:&nbsp;Orla&nbsp;Maher</p> <p>Want to support The Daily Aus? That's so kind! The best way to do that is to click &lsquo;follow&rsquo; on Spotify or Apple and to leave us a five-star review. We would be so grateful.</p> <p>The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent.</p> <p><strong>Want more from TDA?<br /></strong><a href="https://thedailyaus.com.au/newsletter/">Subscribe to The Daily Aus newsletter</a><br /><a href="https://www.youtube.com/@thedailyaus">Subscribe to The Daily Aus&rsquo; YouTube Channel</a></p> <p><strong>Have feedback for us?<br /></strong>We&rsquo;re always looking for new ways to improve what we do. If you&rsquo;ve got feedback, we&rsquo;re all ears.&nbsp;<a href="https://thedailyaus.typeform.com/to/D0EhJI4S">Tell us here</a>.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>