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Aus to be exempted from steel, aluminium import tariff: Trump

Press Trust of India  |  Washington 

US has indicated that would soon be exempted from his decision to impose a 25 per cent on import of and 10 per cent on aluminium.

The proclamations signed by Trump in this regard a day earlier gives exemptions to only two countries - and

However, Trump indicated that the Australian could be the third country. He said he spoke to Australian in this regard.

"He is committed to having a very fair and reciprocal military and trade relationship. 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 in his tweet.

Turnbull said that he had "great discussion" with Trump on security and trade. Australia-US trade is fair and reciprocal and "each of our nations has no closer ally," he said.

"Thank you for confirming new tariffs won't have to be imposed on Australian & aluminium - good for jobs in and in US!" said the Australian as he retweeted the US president's tweet.

Trump had praised during his Cabinet meeting on Thursday.

We have a very close relationship with Australia. We have a trade surplus with Australia. A great country, a country long term partner will be doing something with them. We'll be doing something with some other countries, he said.

We will be very flexible. At the same time, we have some friends and some enemies where we have been tremendously taken advantage of over the years on trade and on military," he said.

told reporters that in the president's proclamation two countries are specifically excluded.

"There would be the opportunity for us to negotiate on matters of national security with other countries. And we're going to be doing that with a number of different countries," she said.

On Thursday, Trump had said that will remain open to modifying or removing the tariffs for individual nations.

As long as we can agree on a way to ensure that their products no longer threaten our security," he said.

US (USTR) has been put in charge of negotiating with countries that seek an alternative to the steel and aluminium tariffs, he said.

The said Trump welcomes any country with which "we have a security relationship" to discuss alternative ways to address US concerns, including those about global excess capacity.

He has left open an avenue for potentially modifying or removing a under certain conditions for individual countries, it said.

"Modification or removal of the tariffs would be possible if alternative means are agreed upon to ensure imports from a country no longer threaten to impair our national security. Under the direction of the president, the USTR is responsible for negotiations with countries that seek an alternative means to the steel and aluminium tariffs," the said.

"In addition, there will be a mechanism for US parties to apply for the exclusion of specific products based on demand that is unmet by domestic production or on specific national security considerations. This process will be managed by the in consultation with other federal agencies," it said.

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

First Published: Sat, March 10 2018. 13:20 IST