Prime Minister Anthony Albanese says his Government will not seek to impose reciprocal tariffs on the US after US President Donald Trump slapped a 10 per cent tariff on Australia.
“The unilateral action that the Trump administration has taken today against every nation in the world does not come as a surprise,” Mr Albanese said from Melbourne.
“For Australia, these tariffs are not unexpected, but let me be clear: they are totally unwarranted.
“President Trump referred to reciprocal tariffs. A reciprocal tariff would be zero, not 10 per cent.
“The administration’s tariffs have no basis in logic, and they go against the basis of our two nations’ partnership.
“This is not the act of a friend. Today’s decision will add to uncertainty in the global economy, and it will push up costs for American households.
“It is the American people who will pay the biggest price for these unjustified tariffs.
“This is why our Government will not be seeking to impose reciprocal tariffs.”
More to come…
