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while flying to new Orleans for the super ball Donald trump said he would impose 25 percent tariffs on steel and aluminum imports from all countries, without giving a date of implementation.
when he was last in his office trump put a twenty-five rate on aluminum imports but exempted those from the number of close trading partners including Australia.
Prime minister Anthony Albanese said He has plans to speak with president trump’s action plan .
“with more than 1 billion of export revenue exposed the Albanese government will no doubt use similar exemption using American trade and surplus, defence alliances, and capacity to supply strategic minerals to argue for exclusion from the new tariffs coverage” . Stefan Bartholomeusz
Donald Trump’s escalating trade wars are sparking concerns that Australia may not be immune to the fallout. As the US President threatens to impose tariffs on various countries, including China, Japan, and Europe, the global economy is bracing for impact ¹.Australia’s trade relationships with the US, China, and other countries make it vulnerable to disruptions in global trade. If Trump’s tariffs lead to retaliatory measures from other nations, Australian exporters could face significant challenges ².Some of the key areas that could be affected include:-
Trade agreements: Australia’s free trade agreements with the US, China, and other countries could be impacted by Trump’s tariffs and trade policies.-
Export markets: Australian exporters may face reduced demand or increased competition in markets affected by Trump’s tariffs.-
Supply chains Disruptions to global supply chains could impact Australian businesses that rely on imported goods or components.While it’s difficult to predict the exact impact of Trump’s trade wars on Australia, it’s clear that the country needs to be prepared for potential disruptions to global trade ³.
