Donald Trump’s decision to double steel tariffs on imports was “inappropriate” but it won’t impact Australia any more than it would other countries, Prime Minister Anthony Albanese said.

Under former President Donald Trump, U.S. tariffs have soared to their highest level in nearly 90 years, averaging 18%. This increase in import costs raises questions about the financial burden on American households and the broader economic implications.

President Trump's aggressive tariff strategy has led to a significant rise in federal revenues, but at what cost? While tariffs aim to boost American manufacturing, they also impose a regressive tax burden on consumers,