US tariffs spark sharp conflict between Trump and Australia
Anthony Albanese, Prime Minister of Australia (Photo: Getty Images)
Australia has been denied the promised exemption from new US tariffs on steel and aluminum, effective from today, reports The Guardian.
Australian Prime Minister Anthony Albanese strongly criticized Donald Trump’s move to impose 25% tariffs on Australian steel and aluminum imports, calling the decision “entirely unjustified” and “not a friendly act.” Albanese stressed that such actions contradict the spirit of friendship between the two nations and harm both economies.
“This goes against the spirit of our nations’ longstanding friendship and undermines an economic partnership from which we have both benefited for over 70 years,” the Australian Prime Minister emphasized.
Australia rejects reciprocal tariffs in response
Despite strong criticism, Australian authorities do not plan to retaliate with tariffs against the US, considering such measures counterproductive. Instead, the government will launch a “Buy Australian” campaign and continue diplomatic efforts to secure an exemption.
“Tariffs and trade wars are a form of economic self-harm, leading to slower growth and higher inflation. This is precisely why Australia will not impose reciprocal tariffs,” Albanese stated.
Amid escalating global trade tensions, Trump refuses to double tariffs on Canadian steel and aluminum, maintaining the previous 25% tariff.
