An uninhabited island, a military base and a ‘desolate’ former whaling station. Trump’s tariffs include unlikely targets
- President Trump announced a 10% duty on all imports, including from the uninhabited Heard and McDonald Islands, as part of a trade war strategy.
- Following the tariff announcement, Dow futures dropped by nearly 1,000 points, impacting stock values of major retailers.
- Australian Prime Minister Anthony Albanese questioned the 29% tariff on Norfolk Island, noting it adds complexity to U.S.-Australia trade relations.
350 Articles
350 Articles
Uninhabited islands face tariffs under Trump’s latest policy
The NewsThe quixotic design of Trump’s sweeping tariffs led them to hit unexpected targets. The “reciprocal” levies were calculated by dividing the US trade deficit with individual countries by total trade, down to a minimum of 10%, which “makes little sense EVEN if you believe in protectionist mercantilist economics,” one top economist said. Strange outcomes include Australia’s Norfolk Island, population 2,188, being hit with 58% tariffs, while…
Penguin memes go viral after Trump imposes tariffs on uninhabited island
Donald Trump's sweeping global tariff rollout has prompted backlash, confusion—and now, viral memes featuring penguins. Among the dozens of countries and territories hit with new import levies, the US president’s announcement included a 10% tariff on goods from the Heard and McDonald Islands, an Australian territory in the sub-Antarctic that has no permanent human population. Its only known residents: penguins, seals and seabirds. The internet w…
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