The comments come less than 24 hours after the US president held out hope of a tariff exemption for Australian steel and aluminium.
Donald Trump’s top trade adviser says Australia is “killing” the US aluminium market in a blow to Canberra’s hopes for an exemption from the president’s 25 per cent tariffs on aluminium and steel.on trade and manufacturing, repeated accusations that Australian exporters were flooding the US market in contravention of an agreement between the two countries.“Australia is just killing our aluminium market.
“Our aluminium industry is on its back. It’s at 50 per cent capacity utilisation ... in Australia, it’s 90 per cent. And we can’t afford not to have strong aluminium and steel industries.”The comments come less than 24 hours after Trump told Prime Minister Anthony Albanese he would give “great consideration” to an exemption, largely based on the US enjoying a trade surplus with Australia. Albanese was “a very fine man”, Trump said following a 40-minute phone call on Tuesday.
While United Nations trade data shows Australian exports of aluminium increased between 2016 and 2022, they have come down in the past two years. Based on 2024 data, Australia only scraped into the US’s top 10 sources of imported aluminium, behind Canada, China, Mexico, the United Arab Emirates and others.
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