Australian Prime Minister hopeful of securing an U.S. tariff exemptions

Vastavam web: Australian Prime Minister Malcolm Turnbull said on Friday he is hopeful of securing an exemption from U.S. tariffs on steel and aluminum after sustained lobby effort by his government.U.S. President Donald Trump on Thursday imposed a 25 percent tariff on steel imports and 10 percent for aluminum on Thursday.

But as Trump backed away on earlier pledges of tariffs on all countries by exempting imports Canada and Mexico, he signaled Australia could also secure favorable access, a boost the country’s only exporter BlueScope Steel “Whatever complaints the United States may have about other trading relationships, it has no complaints with respect to Australia.”

Despite being one of the world’s largest suppliers of raw commodity, iron ore, it is a small global exporter of steel.Turnbull in late last month traveled to Washington for talks with Trump where the issue of tariffs was discussed.Trump highlighted close ties with Australia when pressed on the possibility of further exemptions.

“We have a very good relationship with Australia,” Trump told reporters in Washington. “It is a great country, a long-term partner, we will doing something with them.”