US President Donald Trump is pressing ahead with significant tariffs on all imported goods entering the US. The ‘reciprocal tariffs’ are designed to counter what the US views as unfair trade practices.

Australia’s total beef exports to the US rose significantly in June in the face of President Donald Trump’s new tariff regime, which saw the American leader specifically single out Canberra for refusing to accept adequate red meat imports.

The US is Australia’s biggest export market for pharmaceuticals. If the tariffs go ahead, manufacturing could suffer.