Australia rules out reciprocal move on US after Trump proceeds with steel tariffs

SYDNEY —  Australia will not impose reciprocal tariffs on the United States, Prime Minister Anthony Albanese said on Wednesday, after President Donald Trump ruled out exemptions or exceptions for all countries on steel and aluminum tariffs. Trump said in February he would “give great consideration” to exempting Australia from the tariffs in view of the U.S. annual trade surplus with the country, following a phone call with Albanese. However, on Tuesday the White House announced that the previously planned 25% tariffs on all imported steel and aluminum products into the U.S. from all countries would take effect on Wednesday. Albanese

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