Australia: US tariffs are unjustified but we do not retaliate!
reports Mehr News Agency The Australian Minister says US tariffs on steel and aluminum imported from Australia are not “justified” but his government is not intended to retaliate!
US President Donald Trump said last month that he plans to take a tariff exemption for Australia; A country that has been an American business partner for decades.
The former Australian government agreed with the US government over tariff exemption in 2008 during the first term of Trump’s presidency. Australia’s argument at that time was hiring thousands of people in the US at the Australian Blue Scope Steel Factory.
Albaniz has said he is keen to pursue a tariff exemption policy. He added: “It has been discovered that no country has been exempt, regardless of its relationship with the US.” The Trump administration’s decision is not justified at all.
He added: “Tariffs and intensifying commercial tensions are a kind of economic self-immolation and a rise in economic growth and increased inflation.” This is also paid by the consumer. That is why Australia will not apply mutual tariffs against the United States.
The US has officially increased tariffs on all steel and aluminum imports to 5 %.
Australia’s non-exemption decision was announced a few days after former Australian Prime Minister Trump and Malcolm Turnball. Tranbul had finalized Australia’s exemption in year 6.
Trump described the former Australian Prime Minister as “weak and impatient” leadership. Trump’s insult was in response to last week’s interview with Bloomberg, who said Chinese President Xi Jinping would benefit from US government turmoil.
