Original article by Ben Packham
The Australian – Page: 4 : 30-Jul-25

US President Donald Trump has flagged an increase in his ‘liberation day’ baseline tariff to between 15 per cent and 20 per cent. Trump said countries that do not negotiate a special deal with the US will face an increase in the baseline tariff, which was originally set at 10 per cent. Trade Minister Don Farrell says the federal government has yet to be informed of any change in its baseline tariff, and it will assume that this will remain at 10 per cent until the Trump administration advises to the contrary. Australian Industry Group CEO Innes Willox says there is real concern that the nation will face the higher baseline tariff; he adds that tariffs of 15- 20 per cent would have a "real impact", whereas a tariff of 10 per cent would be an "irritant".

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, THE AUSTRALIAN INDUSTRY GROUP