Weekend Times


Google Workspace

Business News

Australia – like everyone else – fails to win exemption from Trump’s tariffs on aluminium and steel

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

Australia has failed to win an exemption from Donald Trump’s 25% tariffs on aluminium and steel, but the government has vowed to fight on for a carve out.

Prime Minister Anthony Albanese declared the decision was “against the spirit of our two nations’ enduring friendship”. “This is not a friendly act,” he said.

“We will continue working hard for a different outcome,” Albanese told a news conference.

In recent times, Albanese was not able to get another phone call with President Trump for a late top-level pitch.

Australia would not impose reciprocal tariffs on the US – such a course would only push up prices for Australian consumers, he said. The US decision increased costs on American consumers, he added.

The White House spokeswoman, Karoline Leavitt, earlier had told Australian media in Washington “there will be no exemptions” from the tariffs, which come into effect imminently. Pressed on why, she said “America First steel”.

She said, “If they want to be exempted, they should consider moving steel manufacturing here”.

Deputy Prime Minister Richard Marles said the government would continue to lobby for an exemption. He pointed out it had taken the Coalition government many months to win a carve out from tariffs under the first Trump administration.

“Tariffs don’t make any sense, it’s an act of kind of economic self harm. We’ll be able to find other markets for our steel and our aluminium and we have been diversifying those markets. But we’re obviously really disappointed with this.

"I would say, though, we’ll keep advocating to the United States on this issue. Last time around it was nine months before we got an exemption in relation to steel and aluminium out of the Trump administration in its first term. So, we’ll keep pressing the case, we’ll keep diversifying our own trade. But look, there’s no hiding this, we’re really disappointed with this decision.”

Foreign Minister Penny Wong said the decision was “unprovoked and unjustified”.

Opposition deputy leader Sussan Ley said the government “just hasn’t done enough”.

“All of the other leaders of the Quad and AUKUS, Japan, India, the UK, travelled to the US, and they had face-to-face meetings, and they did what they needed to do. They advocated fiercely in their country’s interests, but this prime minister has been nowhere to be seen.”

But given no exemptions are being provided, a personal trip by the Albanese would likely have had little effect. The PM made the case for an exemption to the president in a call some weeks ago. In that conversation Trump indicated he would consider Australia’s case, but the government quickly became pessimistic about the administration giving it a special deal.

BlueScope, while expressing disappointment, saw one silver lining. “BlueScope produces more than 3 million tonnes of steel per annum at its NorthStar BlueScope plant in Delta, Ohio. As the US tariffs come into effect the company expects to see the positive impact from an improvement in steel prices.”

Former prime minister Malcolm Turnbull this week predicted Trump would shy away from exemptions this time around. While some observers said Turnbull’s broad attack on Trump, whom he called a bully, could work against Australia’s lobbying, it almost certainly was irrelevant, given all representations were rejected.

The Australian concern is less the direct impact of the tariffs – our exports of steel and aluminium to the US are limited – but the fallout from an international trade war that could be sparked by Trump’s policies.

Authors: Michelle Grattan, Professorial Fellow, University of Canberra

Read more https://theconversation.com/australia-like-everyone-else-fails-to-win-exemption-from-trumps-tariffs-on-aluminium-and-steel-251623

The Weekend Times Magazine

How to Simplify Your Retirement Planning with SMSF Setup Online

Managing your retirement savings can feel overwhelming, but for many Australians, creating a self-managed super fund (SMSF) offers greater flexibility and control. What’s even more appealing today is the ability...

Why Car Sharing is dominating Car Renting

Sustainability, budget, urban living, lack of parking – these are just a few of the reasons that many people are choosing not to buy cars in today’s environment. ...

Elevating Events with Convenience and Style: Why Hiring a Coffee Cart is the Perfect Choice

The humble coffee break has transformed into a focal point of social connection, productivity, and hospitality. Whether it's a corporate function, wedding celebration, community festival, or pop-up market, the presence...

Weekend getaways from Perth

You Are in Perth, Australia and You Want to Get Away for the Weekend: What Are the Options? Perth is one of the most isolated cities in the world, but that...

Defacto Partner Visa Help from Best Immigration Lawyer AU

When two people decide to share their lives together, the legal paperwork shouldn’t get in the way. But if your relationship involves immigration, it often does. Australia’s partner visa process...

The Importance Of Choosing Quality Boat Supplies For Safety, Performance And Enjoyable Boating

Whether you are a recreational boater, an angler or someone who spends frequent weekends exploring the shoreline, investing in reliable boat supplies is essential. Quality supplies improve the functionality of your...

The Best Camera Smartphones for 2021

Everyone is a photographer these days, and it is no surprise, given that the top camera phones on the market are capable of fighting head-on with luxury compact cameras and...

The Importance of Commercial Fencing: Enhancing Security and Aesthetics

In the world of business, the first impression often sets the tone for what’s to come. When it comes to properties, one of the first things people notice is the...

What to do in Canada during your holiday?

Canada has over 1.6 million square kilometers of protected natural land offering a world-class national park system. The country is one of the first in the world to establish a...