Calling the decision “entirely unjustified”, Albanese argued that retaliatory measures would only increase costs for Australian consumers and fuel inflation. Despite previously discussing a possible exemption with Trump, the White House ruled out exceptions for any country. Albanese stated he would continue lobbying the U.S. administration for a reprieve but ruled out traveling to Washington, opting instead for a direct phone call with Trump.
indirect effects will hit miners supplying raw materials to steel manufacturers
Steel and aluminium exports to the U.S. represent less than 0.2% of Australia's total exports, with iron ore—Australia’s primary steelmaking export—remaining largely unaffected.
The U.S. maintains a significant trade surplus with Australia, reaching $17.9 billion in 2024.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about australia rules out retaliatory tariffs after trump moves forward with steel duties was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Australia rules out retaliatory tariffs after Trump moves forward with steel duties )
Also on site :
- China's First Domestic Anti-CTLA-4 Monoclonal Antibody, Innovent's TABOSUN® (Ipilimumab N01 Injection) Received NMPA Approval
- Goldman Sachs expects layoffs to keep rising—and says investors are punishing the stocks of companies that slash staff
- Prominent Canadian Musician Says Gig Was Cancelled After Google AI Overview Wrongly Branded Him Sex Pest