Event Brief
US confirms 12.5% tariff on Australia exports
Filed: Jul 23, 2026 at 7:06 PM ET
Summary: The US will apply a 12.5% tariff to exports from later today, replacing a 10% rate set to expire.
WHO: US
WHAT: US confirms a new 12.5% tariff on Australia-bound exports, superseding a 10% tariff that was set to expire.
WHEN: Jul 23, 2026 at 5:39 PM ET
WHERE: USA
WHY: The 10% tariff was set to expire, and the new 12.5% levy will take effect from later today.
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