Prime Minister Anthony Albanese said President Trump agreed that an aluminium and steel tariffs exemption for Australia is under consideration.
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00:00On tariffs, we discussed Australia's position when it comes to tariffs, particularly with
00:09regard to steel and aluminium.
00:13We have, of course, the US has a trade surplus with Australia that it's had since the Truman
00:19administration.
00:20It's about two to one when it comes to trade between our two countries.
00:26Our steel and aluminium are both key inputs for the US-Australia defence industries in
00:34both of our countries.
00:36I presented Australia's case for an exemption and we agreed on wording to say publicly,
00:46which is that the US president agreed that an exemption was under consideration for,
00:53in the interests of both of our countries.