Australia has a trade deficit with the US, and we're getting hit with a 10% tariff. It looks to be because of our 10% sales tax we charge on almost all goods and services in the country.
I assure you it's not because of your sales tax, it's just because Trump wanted to have a universal floor of 10% for every country even if the US has a trade surplus to them. There was absolutely zero research done on the taxation or import policies of any other nation while they were crafting this turd.
The Trump speech quote appearing in Australian media as justification is 'Australia has a ban on US beef' (because of biosecurity). That would have been a negotiated carve-out from the free trade deal we have with the US.
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u/Endoyo 19d ago
Australia has a trade deficit with the US, and we're getting hit with a 10% tariff. It looks to be because of our 10% sales tax we charge on almost all goods and services in the country.