Treasurer Says Australia Not Immune to Potential Trump Tariffs, But Confident Country Can Prosper

The Labor government has also said AUKUS will continue to progress.

Australia's Treasurer Jim Chalmers at the National Press Club in Canberra, Australia on May 15, 2024. Tracey Nearmy/Getty Images

Any import tariffs imposed by an incoming Trump administration could have a negative impact on Australia, Treasurer Jim Chalmers in a speech on Nov. 11 at the Australian Institute of International Affairs (AIIA).

The incoming president has said he intends to place tariffs of 10 percent on all imported goods, with up to 60 percent and 100 percent imposed on imports from China and Mexico respectively.