President Trump walked to the stage shortly after 4 p.m. ET Wednesday outside the to unveil a new approach to tariffs that investors, businesses and consumers have been anticipating for weeks. A live band is playing in the Rose Garden and cabinet members are milling about,

President Donald Trump’s deliberations over his plans to impose reciprocal tariffs are coming down to the wire, with his team said to be still finalizing the level and scope of new import taxes he is slated to unveil on Wednesday afternoon.

US President Donald Trump has announced sweeping new tariffs during a "Liberation Day" event in the Rose Garden at the White House. The reciprocal tariffs target dozens of nations, including Australia. A "baseline tariff" of 10 per cent will be imposed on Australia at midnight US local time.