Albanese Says Trump Tariffs Are ‘Economic Self Harm’

President Donald Trump takes a question during a swearing in ceremony for interim U.S. Attorney for Washington, D.C. Jeanine Pirro in the Oval Office of the White House on May 28, 2025. Andrew Harnik/Getty Images

U.S. President Donald Trump’s decision to double tariffs on Australia’s steel exports is an act of “economic self harm,” Prime Minister Anthony Albanese says ahead of an expected face-to-face meeting between the two leaders.

The U.S. president plans to increase tariffs on foreign steel from 25 to 50 percent to “further secure” the domestic industry.