Story perspectives

Trump Hits Australia, NZ, Japan, China with 12% Tariffs

7/25/2026

Summary

Trump Imposes Tariffs

U.S. President Donald Trump imposed 10%-12.5% tariffs on imports from Australia, New Zealand, Japan and China.
Australian Trade Minister Don Farrell called the tariffs unjustified.
New Zealand Prime Minister Christopher Luxon called the 12.5% duty disappointing.
Japanese Cabinet Secretary Minoru Kihara said the tariffs are regrettable because Japan follows the rules.
China’s foreign ministry spokesman Lin Jian said Beijing opposes the unilateral tariffs.

Summary

Tariffs Lift Duties

The Budget Lab at Yale Law School says the new tariffs lift the average import duty to 11.1%.
James Cox of Harris Financial Group predicts the biggest consumer-price rise will hit clothing and textiles.
Bernard Yaros of Oxford Economics notes exemptions for food and energy limit impact on essential spending.
Kathleen Claussen of Georgetown Law says importers now face statutes 122, 338, 232 and 301, creating compliance challenges.

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Trump Imposes Tariffs

U.S. President Donald Trump imposed 10%-12.5% tariffs on imports from Australia, New Zealand, Japan and China.
Australian Trade Minister Don Farrell called the tariffs unjustified.
New Zealand Prime Minister Christopher Luxon called the 12.5% duty disappointing.
Japanese Cabinet Secretary Minoru Kihara said the tariffs are regrettable because Japan follows the rules.
China’s foreign ministry spokesman Lin Jian said Beijing opposes the unilateral tariffs.

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