By AIDAN WONDRACZ FOR DAILY MAIL AUSTRALIA

Published: 20:16 BST, 2 April 2025 | Updated: 20:27 BST, 2 April 2025

Donald Trump is set to announce his new global tariffs on Thursday morning.

Australia is among the many countries expected to be caught up in the tariffs that are expected to be as high as 20 per cent.

Follow Daily Mail Australia’s live coverage. 

Anthony Albanese dines with sports star – and why Aussies aren’t happy

Anthony Albanese was spotted dining with golfing legend Greg Norman ahead of Donald Trump announcing his new global tariffs.

Norman is a close friend of Trump and Mr Albanese is understood to have sought out the meeting.

Mr Albanese shared a selfie of the pair to his Instagram account on Wednesday night.

‘Great to catch up with Greg Norman tonight in Melbourne,’ the caption read.

Many social media users were left unimpressed.

‘Greg! You’re better than that,’ one wrote.

Another added: ‘Yeah, nah. He supports Trump.’

Liberation Day – what to expect

Donald Trump will reveal the new tariffs on Thursday morning in what is known as Liberation Day.

A White House spokesman has warned the tariffs will take effect immediately.

The tariffs are expected to cover all countries and match the tariffs other nations have enforced on US imports.

Trump will make the announcement at 4pm on Wednesday (US eastern time) – which will be 7am on Thursday for Australia.

Finance guru issues recession warning

Finance guru Mark Bouris has issued a stark warning that a US recession would have a butterfly effect on Australia’s economy.

The warning comes as economists hold their breath in anticipation of Donald Trump’s new tariffs on Australian agricultural and pharmaceutical exports.

The businessman said that the impact could be ‘messy’, not only for the US but for global trading partners like Australia.

Why Aussie consumers could soon be paying DOUBLE

Australian consumers could end up paying more than $50 a kilo for steak at the supermarket as a result of Donald Trump’s tariffs on agriculture exports, farmers say.

A kilogram of rump steak at Woolworths is now selling for $28.

But the Australian Food Sovereignty Alliance, representing 350 small-scale farmers, fears rump steak will end of costing Australian consumers $56 at the supermarket.

Anthony AlbaneseDonald Trump

:
US tariffs live updates: Anthony Albanese dines with celebrity sports star on eve of Liberation Day – why Aussies aren’t happy



***
Read more at DailyMail.co.uk