Australian leaders are considering their next steps after U.S. President Donald Trump announced sweeping 25 percent tariffs on steel and aluminium imports, set to impact hundreds of millions of Aussie goods.
Trump confirmed the new duties would apply to all steel and aluminium imports.
The countries likely to feel the largest impact are top exporters (for steel): Canada, Brazil, Mexico, South Korea, and Japan (pdf), and (for aluminium) Canada, China, Mexico, United Arab Emirates, India, and Bahrain.
“Any steel coming into the United States is going to have a 25 percent tariff,” Trump told reporters.
According to United Nations COMTRADE data, Australian iron and steel exports to the United States are valued at approximately $378 million (US$237 million), while aluminium exports are worth around $503 million….