Australian Treasurer Keeps up Aluminium, Steel Tariff Fight While US Noncommittal on Exemption

Chalmers met with US Treasury Secretary Scott Bessent and NEC Director Kevin Hassett, but the final decision rests with President Trump.

Federal Labor Treasurer Jim Chalmers speaks to the media during a press conference at the Commonwealth Parliamentary Offices in Brisbane, Australia on Sept. 25, 2024. AAP Image/Darren England

Treasurer Jim Chalmers, fresh from his visit to Washington, has confirmed that discussions on securing an exemption for Australia from the 25 percent tariffs on steel and aluminium remain ongoing but unresolved.

The tariffs, announced by U.S. President Donald Trump on Feb. 10, could impact approximately $900 million (US$560 million) worth of Australian exports.