<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/world/donald-trump-liberation-day-sweeping-trump-tariffs-draw-dismay-calls-for-talks-from-countries-around-the-globe/59829db4-0d5b-45f2-9e4f-2d042005032b" rel="" target="" title="Donald Trump"><span>Donald Trump</span></a><span>'s massive new tariffs have </span><a href="https://www.9news.com.au/finance/trump-tariff-news-australian-shares-lose-35-billion-dollars/d1ee71b6-9096-40aa-bc1e-e131e6321072" rel="" target="" title="tipped the Australian stock market into a nosedive two days in a row"><span>tipped the Australian stock market into a nosedive two days in a row</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But most Australians are not in the business of exporting things to the United States.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The US buys 3.57 per cent of Australian exports, according to 2023 data.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/donald-trump-liberation-day-sweeping-trump-tariffs-draw-dismay-calls-for-talks-from-countries-around-the-globe/59829db4-0d5b-45f2-9e4f-2d042005032b" target="_blank"><strong><span>'Brutal and unfounded': World leaders retaliate to Trump tariffs</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>While that figure doesn't compare to China or Japan, it is still a lot of money.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>America sold $32 billion of goods to Australia. By contrast, America only bought $21 billion from us.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But there's a substantial difference in what America buys from Australia, and vice versa.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/donald-trump-tariffs-liberation-day-what-does-australia-export-to-the-united-states/6e482eb4-b1ec-4d95-abe0-9760b6259f16" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h2><strong><span>What do we sell to America?</span></strong></h2></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Australia's exports are largely raw materials, measured by the tonne.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But the US is selling finished products, where single items cost thousands of dollars.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The most valuable Australian export is beef, either frozen or fresh.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Australia sold about $2.7 billion worth of beef to the United States in 2023, much of it going to McDonald's.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Lamb and goat accounted for another $1.4 billion.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/finance/trump-tariff-news-australian-shares-lose-35-billion-dollars/d1ee71b6-9096-40aa-bc1e-e131e6321072"><strong><span>Australian shares take $35 billion hit as Trump tariffs spook markets</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Australia's second most valuable export to the United States is vaccines and other pharmaceuticals.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In 2023, Australian exports in that category exceeded $1.6 billion.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Much of this comes from CSL, a Melbourne company that makes flu shots.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Raw metals like aluminium, gold, nickel, lead and zinc are also big exports to the United States.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Wine, wheat, therapeutic and orthopedic appliances, uranium and animal fats also get sold to the States.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/finance/donald-trump-tariffs-economic-impact-australia-explained/a4f2524c-612b-455a-99b3-7162e35f1485" rel="" target="_blank" title=""><strong><span>Bizarre way Trump tariffs could send Aussie interest rates tumbling</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h2><strong><span>What do we buy from America?</span></strong></h2></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Vehicles are the biggest export to Australia from the US. Australia bought $2.2 billion in cars, $2.15 billion in trucks and $1.1 billion in aircraft. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Gold was second on the list, with Australians buying $2.55 billion in American gold.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Also on the list are vaccines, medical instruments, crude oil and medicine.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>And much of American exports are specialised, high-dollar machinery and technology.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Medical instruments, gas turbines, harvesting machinery and x-ray equipment are also sold.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h2><strong><span>The hidden impact</span></strong></h2></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But the real impact of Trump's tariffs on Australia are indirect but very substantial.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Australia doesn't sell that much to the US, but the raw materials it sells to China, Japan, South Korea and South-East Asia get turned into products that then get sold to Americans.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>So the massive tariffs placed on other countries may impact how much they buy from Australia.</span></div></div><div class="vote" data-has-voted="false" data-question-id="f94a5990-39da-47ec-8b8b-a4dfd2a3853c"><h2>Will you boycott American products over Donald Trump's tariffs?</h2><div class="vote__answer" data-id="0"><div class="vote__option" style="background-color:#008000"><input type="button" value="Yes"/></div></div><div class="vote__answer" data-id="1"><div class="vote__option" style="background-color:#008000"><input type="button" value="No"/></div></div><div class="vote__result"><div class="vote__result__text" style="color:#008000">Yes</div><div class="vote__result__bar-container"><span class="vote__result__bar" style="background-color:#008000;width:83%"></span><span class="vote__result__bar-text"></span></div><span class="vote__result__count">1883</span></div><div class="vote__result"><div class="vote__result__text" style="color:#008000">No</div><div class="vote__result__bar-container"><span class="vote__result__bar" style="background-color:#008000;width:17%"></span><span class="vote__result__bar-text"></span></div><span class="vote__result__count">397</span></div><div class="vote__recaptcha" id="vote-recaptcha-f94a5990-39da-47ec-8b8b-a4dfd2a3853c"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h2><strong><span>How Australia may be better off</span></strong></h2></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But there's a hidden advantage to this trade war too.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Many countries are placing reciprocal tariffs on the US, which makes American exports more expensive.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>And the rest of the world may find Australia's untaxed crude oil, soybeans and beef more appealing than the American exports they are currently buying.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But the adage is that there are no winners in a trade war. If America goes into a recession, odds are Australia will too.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/donald-trump-tariffs-reciprocal-measures-what-are-they-retaliating-against-explained/c90a020c-70d4-47fa-8a42-f8954665783b"><strong><span>Trump used one key word to justify tariffs. The facts don't back him up</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. 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