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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Start your day informed with AnewZ Morning Brief: here are the top news stories for 29 October, covering the latest developments you need to know.
U.S. President Donald Trump landed in South Korea on Wednesday for the final leg of his Asia trip, optimistic about striking a trade war truce with Chinese President Xi Jinping after summit talks with South Korea's Lee Jae Myung.
U.S. President Donald Trump said on Wednesday that a U.S.-backed ceasefire in Gaza was not at risk after local authorities reported that 26 people had been killed in Israeli strikes, as Israel and Hamas traded accusations of blame for the violence.
South Korea will welcome U.S. President Donald Trump on Wednesday with a replica gold crown and award him with the "Grand Order of Mugunghwa", the country's highest decoration, the presidential office said.
Hurricane Melissa barrelled toward Cuba’s second-largest city on Tuesday after making landfall in Jamaica as a catastrophic Category 5 storm, the strongest cyclone ever recorded to hit the Caribbean island nation.
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