US President Donald Trump has signaled a possible exemption for Australia from his new 25% tariffs on steel and aluminum imports. After a phone call with Prime Minister Anthony Albanese, Trump expressed a willingness to consider Australia's case, citing the country's positive trade balance with the US and its significant investment plans in the US. However, Trump also implemented the tariffs and declared there were 'no exceptions,' leaving Australia's fate uncertain.
United States President Donald Trump will consider exempting Australia from punitive 25 per cent tariffs on steel and aluminium after a 40-minute phone call with Prime Minister Anthony Albanese that ranged across the security and economic relationship between the two countries.
Trump added, however, that he had spoken to Albanese and described the prime minister as a “very fine man” when asked at the White House about whether Australia would get an exemption from the tariffs. “I presented Australia’s case for an exemption and we agreed on wording to say publicly, which is that the US president agreed that an exemption was under consideration in the interests of both our countries,” Albanese said.
Prime Minister Anthony Albanese arrives for a press conference in Canberra after speaking to Donald Trump.“What I envisage is continuing our act to respond diplomatically – that’s how you get things done,” Albanese said.
Trade TRUMP AUSTRALIA TARIFFS STEEL ALUMINUM TRADE WAR ECONOMIC RELATIONS
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