3 days ago
Australia calls US plan to double steel, aluminium tariffs "unjustified" act of "self harm"
FILE PHOTO: A giant kettle pours molten aluminum into moulds as an employee skims the skin off previously poured moulds at an Alcoa Inc. smelting plant at Point Henry, Australia, on Wednesday, July 30, 2008. Australia's Minister for Trade and Tourism Don Farrell said the federal government would continue to advocate strongly for the removal of the tariffs. - Bloomberg
CANBERRA: Australia's Minister for Trade and Tourism Don Farrell on Saturday (May 31) described US President Donald Trump's plan to double tariffs on steel and aluminium as "unjustified" and an act of economic "self harm."
Trump said on Friday that he plans to increase the tariff on steel and aluminium imports to the United States from 25 per cent to 50 per cent from June 4 to protect the domestic industry from foreign competition.
Responding to the announcement, Farrell said in a statement that Australia's position has been "consistent and clear" and that the federal government would continue to advocate strongly for the removal of the tariffs.
"These tariffs are unjustified and not the act of a friend," he said. "They are an act of economic self harm that will only hurt consumers and businesses who rely on free and fair trade."
Australian Prime Minister Anthony Albanese, whose Labor Party won a second term in government in a landslide at the May 3 election, in April described Trump's "Liberation Day" tariffs as "not the act of a friend".
The US administration in March decided against exempting Australia from the steel and aluminum tariffs. Albanese said at the time that the decision went against the "enduring friendship" of the two countries. - Xinhua
