Australia is considering a formal dispute at the World Trade Organization over President Donald Trump's plan to double steel and aluminum tariffs, as Canberra warns of economic harm and prepares for upcoming talks.
Australia is assessing whether to challenge the United States at the World Trade Organization (WTO) following President Donald Trump’s announcement to double tariffs on steel and aluminum imports to 50%, local media reported Monday.
Australian steel and aluminum products currently face a 10% tariff baseline, but details on Canberra’s strategy to oppose the increased tariffs have not been disclosed, according to SBS News.
Prime Minister Anthony Albanese is set to meet Trump at the G7 summit in Canada later this month, where he plans to clearly communicate Australia’s position through multiple diplomatic channels.
SBS quoted Albanese describing the tariffs as “an act of economic self-harm by the United States” that will raise costs for American consumers without providing any real competitive advantage or disadvantage to exporters from other countries.
The Australian government views the Trump administration’s move as inappropriate and is exploring all options to protect its trade interests.
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The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Australia on Thursday condemned Israel’s decision to close its criminal investigation into the deaths of Australian aid worker Zomi Frankcom and six World Central Kitchen colleagues killed in Gaza in April 2024.
North Korea has fired more than 10 short-range ballistic missiles after U.S. President Donald Trump reduced American participation in joint military exercises with South Korea in an effort to revive dialogue with Pyongyang.
Georgia’s foreign trade data for January-July 2026 shows Kyrgyzstan, China and Russia as its top three export markets, highlighting its Middle Corridor ambitions and complex economic ties with Moscow.
Kazakhstan will vote on 23 August in its first parliamentary election under the new Constitution, choosing 145 members of the new Kurultai under a fundamentally changed electoral system based entirely on party lists.
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