Australian Prime Minister Anthony Albanese says U.S. tariffs on Australian steel and aluminum are unjustified, but his government will not retaliate with its own tariffs.

Australia has failed to secure an exemption from US steel and aluminum tariffs despite a lobbying campaign by Prime Minister Anthony Albanese’s government, in a blow to relations between the two longtime allies.

The next challenge for Australian steel and aluminium exporters, as well as their upstream and downstream counterparts, is how to navigate the uncertainty in global markets, as global supply chains adjust.

Australia will not be exempt from U.S. steel and aluminium tariffs that President Donald Trump's administration will impose on Wednesday, Australian media reported, citing a White House official. Trump agreed in February to consider exempting Australia from the tariffs in view of the U.

Australia has failed to win an exemption from Donald Trump’s 25% tariffs on aluminium and steel, but the government has vowed to fight on for a carve out. Prime Minister Anthony Albanese declared the decision was “against the spirit of our two nations’ enduring friendship”. “This is not a friendly act,” he said.

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 aluminium tariffs.

Australian Prime Minister Anthony Albanese said US tariffs on the country’s steel and aluminium were unjustified, but his government would not retaliate with its own tariffs. US President Donald Trump said last month he was considering a tariff exemption for Australia,

Australia will not impose reciprocal tariffs on the U.S. despite new American duties on steel and aluminium, Prime Minister Anthony Albanese confirmed Wednesday. His statement follows President Donald Trumps decision