- China imposed trade restrictions on Australia's exports, while Trump simultaneously imposed tariffs directly onto Australia.
- The Trump administration increased tariffs on Australian products on July 1, 2026.
S&P Global reaffirmed Australia's credit rating while the country was shielded from new 12.5 per cent tariffs.
1 report, 1 independent
Updated Aug 6
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What happened
S&P Global reaffirmed Australia's credit rating while the country was shielded from new 12.5 per cent tariffs.
Who's involved
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)