‘Trusted capital from your long-term ally’: Australian super’s US trip to bolster efforts to avoid Trump’s steel tariffs

Jim Chalmers will address a summit held in the US by a delegation of Australia’s largest super funds, who are hoping to convince US officials to exempt Australia from tariffs on steel and aluminium. Photograph: Mick Tsikas/AAP

Australia’s $2.8tn superannuation industry will bolster the Albanese government’s bid to secure an exemption from the Trump administration’s 25% tariffs on steel and aluminium imports this week.

A delegation of Australia’s largest funds will meet with US government officials from Monday, as part of a four-day summit designed to improve awareness of the industry’s long-term contributions to the US economy and its plans to more than double investment.