US Tariffs on Australian Steel and Aluminium Strain Trade Relations
Prime Minister Anthony Albanese pushes 'buy local' campaign after US imposes 25% tariffs, while rejecting retaliatory measures.
- The US has imposed 25% tariffs on Australian steel and aluminium imports, citing national security concerns.
- Prime Minister Anthony Albanese called the tariffs 'unjustified' and announced plans to promote a 'buy Australian' campaign in the upcoming federal budget.
- Deputy Prime Minister Richard Marles ruled out retaliatory tariffs, stating they would harm the Australian economy.
- Opposition Leader Peter Dutton criticized Albanese's handling of the issue, promising to secure an exemption if elected, though experts doubt exemptions are likely under current US policy.
- US Commerce Secretary Howard Lutnick defended the tariffs, accusing Australia of underpricing aluminium exports, a claim the Australian government disputes.