Australia will not be subject to U.S. tariffs: Trump

Vastavam web: U.S. President Donald Trump said on Friday he has spoken with Australian Prime Minister Malcolm Turnbull and that they are working on an agreement so Australia will not be subject to U.S. tariffs on steel and aluminum.“He is committed to having a very fair and reciprocal military and trade relationship,” Trump said on Twitter, referring to Turnbull.

“Working very quickly on a security agreement so we don’t have to impose steel or aluminum tariffs on our ally, the great nation of Australia,” Trump said.Australian steel and aluminum exports to the United States were worth just over A$400 million ($314 million) last year, government data showed.Shortly after Trump’s tweet, Australian Prime Minister Malcolm Turnbull said on Twitter the relationship between the two allies was fair and reciprocal.

“Thank you for confirming new tariffs won’t have to be imposed on Australian steel & aluminum – good for jobs in Australia and in US!” Turnbull tweeted.“The president and I are both very much of the same mind – that there must be no relenting in the economic pressure on North Korea,” Turnbull said.