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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.
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