Australia will avoid Donald Trump’s latest tariff escalation after he said the US would soon begin implementing reciprocal import duties on its trading partners.

President Donald Trump has agreed to consider an exemption for Australia from US tariffs on steel and aluminum following a telephone call with Prime Minister Anthony Albanese, even after he initially said there would be no exceptions from the imposts.

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By comparison, less than $1 billion of steel and aluminium was exported to the US in 2023, according to data from UN Comtrade, consisting of about $500 million of aluminium and less then $400 million of steel. Exports to the US account for about 10% of Australia’s total exports of these metals.

Australia is optimistic it can avoid Donald Trump’s latest round of tariffs, after the US President announced he would slap ‘reciprocal’ import duties on trading partners who don’t behave ‘fairly’.

U.S. President Donald Trump says he has agreed to consider a tariff exemption on Australian steel and aluminum imports after a telephone conversation with Australia’s prime minister.

A proclamation signed by Donald Trump has revealed a surprise issue, hours after the PM asked the President for an exemption on steel and aluminium exports.

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