US, Australia working quickly on a 'security agreement' to avoid 232 tariffs

US, Australia working quickly on a 'security agreement' to avoid 232 tariffs

Turnbull said Saturday that Australia and the United States have a fair and reciprocal trade relationship.

He said Australian Prime Minister Malcolm Turnbull is "committed to having a very fair and reciprocal military and trade relationship".

Donald Trump has confirmed that he and Malcolm Turnbull are working on an agreement under which the United States will provide Australia an exemption from steel or aluminium tariffs.

Australian Industry Group chief executive Innes Willox said the tariff announcement by US President Donald Trump was disappointing, but that Australia could yet secure an exemption despite not being immediately granted one.

But it was not all good news, with Australian Industry Group Chief Executive Innes Willox warning the USA tariffs could still hurt Australian companies.

The president's tweet came a day after he imposed tariffs of 25 percent on steel imports and 10 percent on aluminum imports.

BlueScope ships Australian steel to the U.S. west coast to make into roofing products because of the high cost of freight from the east coast.

Kate wears handsome cream coat for Oxford visit
She added: "It wasn't as nerve-racking as you think it would be because she's just a normal ordinary person like everybody else". During her visit she met with staff, volunteers, and local schoolchildren. "And marry me?" she probes.

Mr Turnbull's flying visit to Washington along with months of lobbying - including from Mr Trump's friend, former Australian golfer Greg Norman - is thought to have tipped the balance. The US has a trade surplus in Australia and it is the largest direct foreign investor in Australia.

Canada and Mexico were also granted temporary exemptions from the tariffs, which were announced on Thursday.

He said any special treatment afforded to Australia would only apply to shipments coming out of the country, and not to those from Australian companies in third markets.

In Brussels on Saturday, US trade representative Robert Lighthizer met with his European Union and Japanese counterparts, but the meeting offered little new clarity amid fears of a global trade war.

Any exemptions would ultimately be a decision for Trump, Ciobo said.

"The United States has been taken advantage of for too long, by too many countries, when it comes to trade", Mr Pence said.

According to statistics from Australia's Department of Foreign Affairs and Trade, the country's exports of steel to the USA were worth $133.5 million in the 2016-17 fiscal year and exports of aluminium to the U.S. were worth $129.6 million.

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