“Unjustified” and “not the way that friends and allies should be treated”. That’s how Prime Minister Anthony Albanese and Foreign Minister Penny Wong have described the latest shot in United States President Trump’s trade war.
Effective today, there is a 25% tariff on all imports of steel and aluminium into the US – including on Australian products.
Australia’s direct economic hit will be relatively small – less than A$1 billion of steel and aluminium was exported to the US in 2023, according to data from UN Comtrade.
