Overview

• Australian Treasurer Jim Chalmers is in Washington, D.C., to advocate for an exemption from the 25% tariffs on steel and aluminum imposed by the Trump administration.
• Chalmers will meet U.S. Treasury Secretary Scott Bessent, marking their first in-person discussion since Bessent assumed his role.
• The visit coincides with a summit showcasing Australia's $2.8 trillion superannuation industry, highlighting its significant investments in the U.S. economy, including key electoral swing states.
• President Donald Trump has recently indicated he is considering exempting Australia from the tariffs, citing the strong trade surplus and diplomatic ties between the two nations.
• Australian officials, including Ambassador Kevin Rudd, are emphasizing the mutual benefits of economic and defense collaboration in ongoing discussions with their American counterparts.