SMM6, March 3: according to foreign media reports, Australian Prime Minister (Scott Morrison) Morrison said on Monday that after obtaining tariff exemption, Australia is currently complying with the agreement reached with the United States.
In March 2018, Trump imposed tariffs of 25% and 10% on steel and aluminum exports to the United States, respectively, in response to increases in aluminum exports from some countries to the United States.
Australia exports about A $500m (US $347 million) worth of steel and aluminium to the US each year.
Imports of Australian aluminium from the US rose 45 per cent year-on-year from 2017 to 2018 and 350 per cent in the first quarter of this year, according to the data.
It was these figures that reportedly prompted US trade advisers to propose tariffs on concerns that Australian aluminium was pouring into the US market, which would undermine the competitiveness of local suppliers.
But Australia remains a relatively small supplier of aluminium to the US, accounting for about 6 per cent of total imports so far this year, according to the US Geological Survey.
The New York Times also reported that the withdrawal of the tax on Australia was mainly due to the fact that Australia was an important ally of the United States in the Asia-Pacific region, coupled with the lobbying of then Australian Prime Minister Malcolm Turnbull (Malcolm Turnbull). So President Trump finally withdrew the plan.
At present, Australia is the only country that has been fully exempted.
(note: if copyright issues are involved, please contact SMM and we will deal with "View the original text" in a timely manner)
