Hopes of an exemption appear gone as no country has managed to avoid tariffs altogether.
(L-R) Australian Prime Minister Anthony Albanese, US President Donald Trump. Matt Jelonek/Getty Images, Anna Moneymaker/Getty Images
|Updated:
Hopes of an exemption to U.S. tariffs for Australia appear to be dwindling after President Donald Trump revealed his administration was considering upping global baseline tariffs to 15 or 20 percent.
Meanwhile, expectations and pressure continue to mount on Australian leaders after the European Union became the latest economic bloc or country to seal a deal with the United States.
Crystal-Rose Jones is a reporter based in Australia. She previously worked at News Corp for 16 years as a senior journalist and editor.
