What's happened
The US is set to implement new tariffs on August 7, affecting numerous countries including Australia, Malaysia, and China. Negotiations continue with some nations, while others face higher duties without negotiations. The move follows recent US-EU trade agreements and threats of tariffs on Malaysia and other nations.
What's behind the headline?
The US's move to impose broad tariffs signals a shift towards protectionism that will likely escalate global trade tensions. The targeted approach—excluding some nations like China and Canada—indicates strategic negotiations rather than uniform policy. Countries like Malaysia and Australia are caught in a delicate balancing act, seeking exemptions while facing higher duties. The US's plan to notify 200 countries of a 'world tariff' rate suggests an attempt to reshape global trade norms, potentially leading to a fragmented international trading system. This could result in increased costs for consumers and businesses worldwide, and heighten geopolitical tensions. The timing, amid recent US-EU trade agreements, underscores a broader US strategy to leverage tariffs as a bargaining tool, which may have long-term implications for global economic stability.
What the papers say
The SBS articles provide detailed insights into the US's tariff plans, highlighting the negotiations and diplomatic efforts involved. The first article notes Australia's position, emphasizing the ongoing advocacy for exemptions and the impact on regional trade. The second article discusses the broader US strategy, including threats to Malaysia and other nations, and the potential global repercussions. Contrasting opinions from US officials and Australian government representatives reveal a tension between protectionist policies and diplomatic efforts to mitigate economic harm. The SBS coverage underscores the complexity of US trade policy, balancing strategic negotiations with the risk of global economic disruption. For a comprehensive understanding, see SBS's detailed reporting on the tariffs' implementation and diplomatic negotiations.
How we got here
The US announced in April a minimum 10% tariff on goods from nearly all countries, citing unfair trade practices and deficits. Negotiations with some nations delayed the implementation, but the tariffs are now scheduled for August 7. The US has also negotiated trade deals with the EU and threatened tariffs on Malaysia, with some countries like China and Canada excluded or facing higher duties. Australia has yet to secure a full exemption, despite ongoing discussions.
Go deeper
Common question
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What are Malaysia and US negotiating over tariffs?
Malaysia is currently in talks with the US over tariffs threatened by President Trump, who has warned of a 25% levy unless an agreement is reached. Malaysia aims to lower tariffs to around 20%, but faces resistance over issues like electric vehicle policies and foreign ownership limits. These negotiations could impact trade, prices, and economic relations between the two countries. Below, we explore the key questions about these trade talks and their potential effects.
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Why Is Malaysia Negotiating Tariffs with the US?
Malaysia is currently in talks with the US over tariffs threatened by President Trump, who has warned of a 25% levy unless an agreement is reached. These negotiations are complex, involving issues like electric vehicle policies, foreign ownership, and trade balances. Many wonder what these talks mean for Malaysia's economy and US trade relations. Below, we explore the key questions about this ongoing negotiation and what it could mean for both countries.
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What Are the Main Issues in US-Malaysia Trade Negotiations?
Malaysia is currently in talks with the US over tariffs threatened by President Trump, who has warned of a 25% levy unless an agreement is reached. The negotiations focus on reducing tariffs and addressing trade concerns like electric vehicle policies and foreign ownership limits. But what exactly are the key issues at stake, and how could they impact both countries and global trade? Below, we explore the main questions surrounding these complex negotiations.
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Why Is Trump Threatening Tariffs on 200 Countries?
Recent headlines reveal President Trump’s plans to impose tariffs on nearly 200 countries following a trade deal with the EU. This move has sparked questions about what a 'world tariff' could mean for global trade, prices, and economies. In this page, we’ll explore why these tariffs are being threatened, what they could impact, and what negotiations are happening behind the scenes. Keep reading to understand the potential consequences of these sweeping trade policies.
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Why Did Trump Shorten the Russia War Deadline?
On August 1, 2025, Donald Trump announced he is shortening the deadline for Russia to end its war in Ukraine from 50 days to just 10 days. This bold move raises many questions about the US's strategy, Russia's response, and what might happen next. Below, we explore the key details and answer the most common questions about this urgent development.
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How Are US Tariffs Affecting the Global Economy and Companies?
US tariffs introduced in 2025 are reshaping international trade, impacting countries and companies worldwide. From rising consumer prices to corporate restructuring, many are asking how these policies will influence the global economy long-term. Below, we explore the key questions about the US tariffs, their effects on different nations, and what it means for consumers and businesses alike.
More on these topics
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Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
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Malaysia is a country in Southeast Asia. The federal constitutional monarchy consists of thirteen states and three federal territories, separated by the South China Sea into two regions, Peninsular Malaysia and Borneo's East Malaysia.
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Dato' Seri Anwar bin Ibrahim is a Malaysian politician who has twice served as the 12th and 16th Leader of the Opposition since May 2020 and from August 2008 to March 2015.
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The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
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Australia, officially known as the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands.