US President Donald Trump has agreed not to hit Australia with a rate of 25 percent on steel and aluminum input, says Anthony Albanese.
“I presented Australia's case for an exemption, and we agreed to say in public, namely that the US president agreed that an exemption was considered in the interest of both countries,” said the most important minus on Tuesday morning .
He said that he also spoke with Trump about critical minerals and Australia as a source of investment capital.
'We essentially had the periodic table under our feet in this country, and that is a big plus for Australia in the future, and we are very aware of the fact that the United States is aware of what we can deliver if it Is about critical minerals, “he said.
'Our aluminum is a critical input for production in the United States. Our steel and aluminum are important input for the US-Australia Defense Industries in both countries. '
Previously, Mr. Albanese placed on X:
“This morning I had a great conversation with President Donald Trump.
'We have connected to work together constructively to promote Australian and American interests, to stimulate economic prosperity and make shared challenges.
'For decades, the alliance between the United States and Australia has served the interests of both nations and supported peace, stability and growth in our region.
US President Donald Trump has agreed not to hit Australia with a rate of 25 percent on steel and aluminum input, says Anthony Albanese
“I am looking forward to working closely with President Trump to create jobs and deliver benefits for both nations.”
Trump announced that the rates on imported metal would apply broadly without exemptions, during a media conference on board Air Force One while he flew to the Super Bowl in New Orleans.
“Every steel that enters the United States will have a rate of 25 percent,” he told reporters on Monday morning (AEDT).
A rate for Australian goods would be a 'face in the face' for the domestic industry and the US-Australian Alliance, Australia Industry Group Chief Executive Innes Willox.
“It is now up to the federal government to intervene quickly and to protect the Australian industry and producers against getting caught in a rapidly escalating global trade war,” he said.
In 2018, Australia received an exemption of 25 percent American rates for steel and 10 percent import tax on aluminum after then Prime Minister at the time
The world that the US had trade surpluses with Australia – where Aussies bought more goods and services from Americans than they bought from us.
