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Trump says Australia to secure exemption from U.S. tariffs


WASHINGTON/(Reuters) - U.S. said on Friday he has spoken with Australian Malcolm and that they are working on an agreement so will not be subject to U.S. tariffs on and aluminum.

"He is committed to having a very fair and reciprocal military and trade relationship," Trump said on Twitter, referring to

"Working very quickly on a security agreement so we don't have to impose or aluminum tariffs on our ally, the great nation of Australia," Trump said.

is a small global exporter of despite being one of the world's largest suppliers of the raw commodity iron ore.

Australian steel and aluminum exports to the were worth just over A$400 million ($314 million) last year, government data showed.

Shortly after Trump's tweet, Australian Malcolm said on the relationship between the two allies was fair and reciprocal.

"Thank you for confirming new tariffs won't have to be imposed on Australian steel & aluminum - good for jobs in and in US!" Turnbull tweeted.

Turnbull told a conference in state his discussions with Trump included the ongoing threats from after the U.S. opened the possibility of talks with North Korean leader

"The and I are both very much of the same mind - that there must be no relenting in the economic pressure on North Korea," Turnbull said.

He said sanctions imposed on after its missile and nuclear tests must remain until it begins the process of denuclearisation.

($1 = 1.2739 Australian dollars)

(Reporting by Eric Beech in and Alana Schetzer in MELBOURNE; Editing by Mohammad Zargham, and Paul Tait)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 10 2018. 08:15 IST