Australia Condemns U.S. Plan to Raise Steel and Aluminum Tariffs

Published: May 31, 2025 20:13

Save

On May 31, US President Trump stated on May 30 local time that starting from June 4, import tariffs on steel and aluminum would be raised from 25% to 50%. On May 31 local time, Australian Trade Minister Don Farrell responded, saying that Australia's stance has been consistent and clear. These tariffs are unreasonable and not the act of a friend. Farrell said, "This is an act of economic self-harm that will only harm consumers and businesses that rely on free and fair trade. We will continue to push for and strongly advocate for the removal of these tariffs.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

2 hours ago

20 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

20 hours ago

21 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

21 hours ago