From smallcaps.com.au: Australia faces potential new tariffs from the US on aluminium and steel, with President Trump unlikely to grant an exemption despite prior diplomatic efforts.

Treasury Secretary Steven Kennedy advises that retaliatory measures would exacerbate economic harm to Australian consumers and businesses, suggesting that finding alternative export markets is a more effective strategy.

Successful past negotiations post-China’s tariffs showcase Australia’s ability to adapt and strengthen trade relations amidst rising global trade barriers.