Prime Minister Malcolm Turnbull has confirmed Australia will be exempt from the United States’ planned steel and aluminium tariffs.
Mr Turnbull made the announcement on Saturday morning, more than 24 hours after President Trump announced the 25 per cent tariff on steel imports and 10 per cent for aluminium.
Mexico and Canada were the only countries officially exempt.
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“I was very pleased the President was able to confirm that he would not have to impose tariffs on Australian steel and aluminium,” Prime Minister Malcolm Turnbull told reporters on Saturday.
Earlier Mr Trump announced that he’d spoken to Mr Turnbull and the two nations were working on a deal to provide an exemption to the tariffs.
“Spoke to PM TurnbullMalcolm of Australia. He is committed to having a very fair and reciprocal military and trade relationship,” Mr Trump tweeted.
“Working very quickly on a security agreement so we don’t have to impose steel or aluminium tariffs on our ally, the great nation of Australia!”
US trading partners were given a 15 day window to negotiate exemptions to the tariffs, due to come into effect in a fortnight.