Trump Rules out Tariff Exemption
Good morning, Rich Henderson here in Bloomberg's Melbourne bureau with the latest news headlines.
Today's must-reads:
• US tariffs on Australian steel and aluminum to hit
• Rio Tinto offers $9 billion in bonds after Arcadium deal
• Ukraine agrees to US proposal for 30-day truce with Russia
US tariffs on Australian steel and aluminum will take effect later Wednesday in the US after the White House ruled out an exemption. The move follows efforts by Anthony Albanese's government to secure the exemption, which included meetings this week between Kevin Rudd, Australia's Ambassador to the US, and the Trump administration.
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