Australian Prime Minister Anthony Albanese has expressed strong disapproval of the White House’s decision to impose a 25 percent tariff on steel and aluminum imports, dashing hopes that Australia would be granted an exemption.
Speaking to reporters, Albanese described the move as “entirely unjustified” and “not a friendly act,” emphasizing the strain it places on the longstanding partnership between the two nations.
The tariffs, which apply to all countries without exception, have been framed by the U.S. administration as part of a broader strategy to bolster domestic manufacturing.
However, Albanese argued that such measures amount to “economic self-harm,” warning that they could lead to slower growth and higher inflation. He also highlighted that Australian steel and aluminum exports to the U.S. represent less than 0.2 percent of Australia’s total exports, questioning the necessity of targeting such a minor trade flow.
Despite the disappointment, Albanese confirmed that Australia would not retaliate with reciprocal tariffs, citing concerns over the potential impact on Australian consumers. “Escalating trade tensions is not in anyone’s interest,” he stated, adding that the government remains committed to supporting affected industries through domestic initiatives.
The decision by the White House has sparked criticism not only in Australia but also among other trading partners, raising questions about the future of global trade relations.
As Australia navigates this challenge, the focus will be on maintaining economic resilience while advocating for fair and cooperative trade practices.