World

Australia news live: retaliatory tariffs on US not ‘in the interest of Australian economy or workers’, Marles says; Wong warns Russia against ‘bullying behaviour’

Deputy PM says retaliatory tariffs on US not in Australia’s interests

The deputy prime minister, Richard Marles, says retaliatory tariffs on the US would not be “in the interest of the Australian economy or Australian workers”.

Marles is speaking on ABC Radio National, where he is being asked about the Trump administration’s decision to reject Australia’s plea for an exemption from tariffs on steel and aluminium imports.

The Trump administration has imposed taxes on imports from important trading partners, including tariffs of 25% on all imported steel and aluminium which came into effect yesterday.

In response, Canada announced retaliatory tariffs on nearly $30bn worth of American imports.

Asked if Australia would do anything similar, Marles said:

In terms of doing retaliatory tariffs, that would not be in the interests of the Australian economy, of Australian workers.

So we’re not about to do anything which is an act of self-harm. And really this is ultimately the point here – I mean, tariffs are an act of self-harm.

This is not going to do the American economy any good, and we’re not about to engage in harming the Australian economy.

Share

Updated at 

Key events

US commerce secretary defends tariff regime, singles out Australia for criticism

The US commerce secretary, Howard Lutnick, has criticised Australia, accusing it of subsidising cheap aluminium exports, as he defended the Trump administration’s tariff regime.

As we have reported, the Trump administration rejected Australia’s plea for an exemption from its decision to impose 25% tariffs on all imported steel and aluminium.

Speaking to Fox Business today (yesterday in the US), Lutnick said:

You’ve got dumpers in the rest of the world. Japan dumps steel, China dumps steel. What that means is, they make it, they over-produce, and they sell it dirt cheap … to drive our guys out of business.

The president is here to protect American workers. He’s here to protect American industry. We’re going to stop that nonsense and bring steel [production] here.

We’re not going to stand for China dumping, Japan dumping, Australia does a lot of aluminium at below cost. I mean, this has got to end, and the president is on it, and he’s protecting America.

Share

Updated at 



Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *