• News
  • World Media

Donald Trump says he's working on deal with Australia for tariff exemption

Donald Trump says he's working on deal with Australia for tariff exemption

Shortly after Trump's tweet, Australian Prime Minister Malcolm Turnbull said on Twitter that the relationship between the two allies was fair and reciprocal.

"There is literally nothing to be gained in the US.by imposing a tariff", Malcolm Turnbull said during a speech at the Financial Review Business Summit in Sydney. "He is committed to having a very fair and reciprocal military and trade relationship", Mr Trump tweeted.

But it was not all good news, with Australian Industry Group Chief Executive Innes Willox warning the U.S. tariffs could still hurt Australian companies.

"While we hope that Australia will win exemptions from the latest steel and aluminium tariffs, this would be only a partial victory".

"We will be making a decision as to who they are - we have a very close relationship with Australia", he said.

In the immediate aftermath, Australian Trade Minister Steve Ciobo told local media that he was "seeking urgent clarification" from us officials to see if Australia would be exempt.




Mr Turnbull's flying visit to Washington along with months of lobbying - including from Mr Trump's friend, former Australian golfer Greg Norman - is thought to have tipped the balance.

"I had a frank discussion with the U.S. side about the serious pending issue of steel/aluminum tariffs, " the top European Union trade official, Cecilia Malmström, wrote on Twitter after the meeting.

"History tells us they are bad, and they end up causing not just a contraction in the global trade but, as a result of that, a contraction in global growth", he told the ABC.

Despite being one of the world's largest suppliers of raw commodity, iron ore, Australia is a small global exporter of steel.

Australian Industry Group Chief Executive Innes Willox said the exemption was a positive step but he was concerned it would only apply to steel and aluminium from Australia and not to Australian companies producing overseas.

According to The Australian, Australia exports $US210 million in steel and $US213 million in aluminium to the United States each year.

Leave Your Comment

Leave Your Comment


Latest News

  • 10 players who impressed at 2018 Combine

    10 players who impressed at 2018 Combine

    The fastest 40 run at the combine by a player with Alabama football roots was turned in by Arizona Cardinals wide receiver J.J. The work he put in today, though, definitely makes him one of the more intriguing defensive back prospects in the draft.
    Serena all set for tennis return

    Serena all set for tennis return

    But I keep going and I know that I might not be at my best yet but I'm getting there. "I just can not bet against her". Elina Svitolina emerged victorious at the winner-takes-all Tie Break Tens event at Madison Square Gardens in NY .

    Snow, gusting winds expected in Racine Monday night through Tuesday

    Heavy snow is possible, with accumulations of 6 to 9 inches, with localized amounts up to 12 inches, the weather service said. Temperatures should be held down by the cloud cover, but it will be windy again with gusts up to 30 miles per hour .
  • Russian Embassy Twitter Account Snarks About Alleged Poisoning of MI6 Double Agent

    Russian Embassy Twitter Account Snarks About Alleged Poisoning of MI6 Double Agent

    The ex-agent was found unconscious on a bench in the English city of Salisbury on Monday alongside his daughter Yulia . Because of this, the attack on Sergei is being seen as an attack that was likely backed by a foreign government .
    Oil Prices Rebound After EIA Reports Build In Crude Inventories

    Oil Prices Rebound After EIA Reports Build In Crude Inventories

    And the U.S.is set to become part of the top five global crude exporters, according to consultant Wood Mackenzie Ltd. Brent crude futures were at $64.49 per barrel at 0100 GMT, up 15 cents, or 0.2 per cent, from their previous close.
    Apple Is Readying A Pair Of High-End Over-Ear Headphones

    Apple Is Readying A Pair Of High-End Over-Ear Headphones

    Apple , which is already running production tests with suppliers, is expected to announce the new phones this fall. In December 2017, Ming-Chi Kuo said in a research note that he sees Apple double shipments of AirPods in 2018.
  • Neymar dreams return to Nou Camp

    Neymar dreams return to Nou Camp

    Mundo Deportivo also confirmed that one of club's director has already been made aware of Neymar's sudden change of heart. Click through the gallery above to see the six most expensive transfers in football history .
    WaPo: Erik Prince, Seychelles Meeting Possible Kremlin Back Channel

    WaPo: Erik Prince, Seychelles Meeting Possible Kremlin Back Channel

    Nader attended the Seychelles gathering on behalf of the United Arab Emirates, where he serves as an adviser to the royal family. Schiff said he would like to call Prince and other witness back before the committee for another round of questioning.
    Netflix's doping documentary 'Icarus' wins best documentary

    Netflix's doping documentary 'Icarus' wins best documentary

    Fialkow, who were on the stage for the award acceptance. "We hope Icarus is a wake-up call". "We dedicate this award to Dr. The film took an unexpected turn when they ended up uncovering one of the biggest doping scandals in recent history.
  • Trump may exempt countries from tariffs for NAFTA deal

    Trump may exempt countries from tariffs for NAFTA deal

    Earlier Tuesday, Treasury Secretary Steven Mnuchin said Trump understands "the potential impact" of the measures on the economy. Senate Majority Leader Mitch McConnell of Kentucky said there was concern Trump's plan could lead to such disruptive turmoil.
    New Nintendo Direct Airing Tomorrow

    New Nintendo Direct Airing Tomorrow

    Nintendo announced that they'll be hosting a Direct presentation tomorrow, March 8, at 2:00pm PT/5:00pm ET. The rumors and speculation surrounding the Nintendo Switch haven't stopped since the new year began.
    BJP's probable Tripura CM candidate meets Manik Sarkar

    BJP's probable Tripura CM candidate meets Manik Sarkar

    Since 2014 Lok Sabha results #BJP has lost Assembly segments in over 50 Lok Sabha Seats & has won only about 2 LS seats. Despite the BJP's success in Tripura, "it will not be possible at all to get through in West Bengal and Odisha".
  • Manafort pleads not guilty to fraud charges

    Manafort pleads not guilty to fraud charges

    In the DC charges alone, Manafort faces a likely sentence of more than 15 years to nearly 20 years in prison if found guilty. In May 2017, Mueller was appointed to investigate Russia's alleged interference in the 2016 presidential election.
    U.S.  roughly and blatantly deceived Russian Federation  during Euromaidan, - Putin

    U.S. roughly and blatantly deceived Russian Federation during Euromaidan, - Putin

    Speaking further, the Russian president said that Russia, unlike the United States , has never used nuclear weapons against other countries.
    'The Bachelor US': Arie Luyendyk's scorned victor  Becca Kufrin named next Bachelorette

    'The Bachelor US': Arie Luyendyk's scorned victor Becca Kufrin named next Bachelorette

    Becca took to Twitter to tweet out the group photo of every contestant on this season of The Bachelor and zoomed in on her face. ARIE: I kept waking up and going to bed thinking of her and pushing back those feelings and trying to see if it work for us.
  • North Korea offers halt to ICBM program, Chosun says

    North Korea offers halt to ICBM program, Chosun says

    In its Wednesday tirade, Rodong Sinmun insisted that the real nuclear threat facing the planet is the United States . North Korea has boasted of its plans to develop a nuclear-tipped missile capable of reaching the mainland US.
    Jennifer Garner became the viral Oscars Meme you didn't know you needed

    Jennifer Garner became the viral Oscars Meme you didn't know you needed

    The internet took off with jokes and memes on Monday, as people tried to guess what she could have been thinking about at that moment.
    Washington State Passes Law Protecting Net Neutrality

    Washington State Passes Law Protecting Net Neutrality

    In a bipartisan effort, the state's legislators passed House Bill 2282 . which was signed into law Monday by Gov. During a ceremony for the bill signing, he called the legislation a "free speech bill".

Breaking News



Recommended

Fire Department encourages changing batteries in smoke detectors

At the same time, Barritt says it's a good idea to be familiar with your home and plan a safe escape, with two ways out. It's something Red Cross officials stress every time there's a fire: working smoke alarms.

Foul play suspected in death of wife of poisoned Russian spy

British authorities say it's too soon to lay blame, but suspicions have fallen on Russian Federation. But analysts say that if it is rare, it could help to narrow down which laboratory it was made in.

Mike Evans agrees to five-year, $82.5 million extension with Bucs

In Fitzpatrick's first season with the Bucs, he played in six games with three starts, finishing with a 2-1 record. That's the goal with every draft pick, and keeping Evans in the fold is a major accomplishment.

Broadcom says to stick with United States 5G investment after Qualcomm deal

Broadcom would also not sell any critical national assets of security to any foreign companies. The company said Wednesday that it expects the move to be completed by May.

Missouri police officer killed, 2 others wounded in shooting; suspect dead

However, one officer died in the shooting . "It's just another tragic event for this community and this police department", Sgt. This shooting come exactly seven months since fellow Clinton officer Gary Michael was shot and killed during a traffic stop.

Dwyane Wade Surprises Students At Stoneman Douglas High School

The meeting might give her more insight as she continues her broader talks on how to prevent such a tragedy from happening again. President Trump is in favor of arming teachers, saying that too many of these shootings happen in gun free zones.

How to install Android P right now

This should open up new capabilities for apps, so that they can access streams simultaneously from two or more cameras. Messaging notifications can now highlight who is sending the message, show images, suggest smart replies , and more.

Porn star sues Trump; wants to talk about their sexual relationship

Porn star Stormy Daniels , aka Stephanie Clifford, dropped a bombshell on President Trump by announcing a planned lawsuit . Clifford. "The payment to Clifford was lawful, and was not a campaign contribution or a campaign expenditure by anyone".

After 40 years, USA aircraft carrier Carl Vinson arrives in Vietnam

In addition to Vietnam, the USA is also tightening military cooperation with long-standing allies Australia, Japan and India. During a visit in 2016, President Obama lifted a decades-old ban on the sale of military equipment to Vietnam.

The Best Fashion Moments From The 90th Academy Awards

The former Bonnie and Clyde co-stars presented Best Picture together. "Sorry guys, we're out of Oscars ", he said. Thanks to her, Faye Dunaway and Warren Beatty redeemed themselves from the epic 2017 Best Picture controversy.