The Australian government will urge the United States to give it exemptions over steel tariffs and have raised the issue with President Donald Trump’s administration, Prime Minister Anthony Albanese said in parliament on Monday (February 10).
“I have a discussion with President Trump scheduled and I will certainly keep the House and the Australian people informed after that discussion,” added Albanese.
Trump said on Sunday (February 9) he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul.
Shares in Australian-listed BlueScope Steel rose nearly 2% on expectations its U.S. business would gain from the tariffs. It operates the North Star Mill in Ohio and employs around 4,000 people in the United States.
