From michaelwest.com.au: Donald Trump has threatened to impose reciprocal tariffs on countries that levy taxes, including Australia’s GST, which could severely impact Australian meat and pharmaceutical exporters.

If enacted, these tariffs could compromise Australia’s export sector, potentially leading to significant job losses and a decrease in national income.

Prime Minister Anthony Albanese downplayed the risks, citing Australia’s lack of tariffs on US imports and the existing free-trade agreement between the two nations.