Australia is facing a nearly impossible task in escaping the US's global steel and aluminium tariffs. President Trump remains steadfast that these tariffs, which will be enforced from March 12, will be beneficial for the U.S. economy. Despite Australia being a strong ally, its push for exemption seems unlikely as Trump criticized former Prime Minister Turnbull's leadership. Trump's administration had previously granted Australia an exemption during his first term, but the current diplomatic climate suggests a tougher stance without reprieve for Australia this time around.
Trump's comments reaffirm those of his commerce secretary, Howard Lutnick, and director of the White House National Economic Council, Kevin Hassett, who have both said the tariffs would be imposed from 12 March as promised, and that there would be no exemptions granted.
We're basically going to take back the money a lot of the money that we've given away over many decades. Trump's comments on the tariffs reflect a broader strategy to reshape international trade in favor of the US.
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