Australia will not retaliate if the Trump administration decides to levy 25 percent tariffs on steel or aluminium imports, according to a Labor cabinet minister.
The comments come after the Australian Prime Minister Anthony Albanese spoke with the U.S. president about a possible exemption for the tariffs given the trade surplus the United States has with Australia (about a two to one ratio).
Industry Minister Ed Husic said Australia would not follow Beijing or Ottawa in imposing its own counter-tariffs, though the latter has paused its retaliation after striking a deal with Trump.
“If we start down this path, it would take years, if not decades, to unpick,” the minister told the National Press Club….