‘Dumpers’: Trump’s commerce secretary Howard | Australian Markets
US Commerce Secretary Howard Lutnick has come out swinging in opposition to Australia as he strongly defended the 25 per cent tariffs imposed by the Trump administration on metal and aluminium.
Mr Lutnick labelled Australia as “dumpers” for exporting low-cost aluminium to the US market.
He has instructed Fox Enterprise that the new tariffs that went into impact yesterday will defend America from low-cost aluminium coming in from Australia and metal from Japan.
“Look, you’ve got dumpers in the rest of the world. Japan dump steel. China dump steel. What that means is they make it, they over produce and they sell it dirt cheap to try to drive our guys out of business,” he stated.
“The President is here to protect American workers. He’s here to protect American industry. We’re going to stop that nonsense and bring steel here.
“So this concept that, ‘oh, prices are going to rise’, you got to remember, President Trump is playing for the strength of America.
“And we’re not going to stand for China dumping, Japan dumping. Australia does a lot of aluminium at below cost. I mean, this has got to end, and the President is on it, and he’s protecting America.”
The feedback comply with an more and more bitter worldwide warfare of phrases after the Trump administration revealed on Wednesday that Australia wouldn’t be exempt from its new tariffs.
The revelation got here as a shock to the Albanese Authorities, who has beforehand hoped Australia may win an exemption after a optimistic cellphone call between Anthony Albanese and Donald Trump in February.
Throughout the cellphone call Mr Trump instructed Mr Albanese that he would think about an exemption for Australia given they’d a trade surplus with the US.
However on Wednesday (AEDT), White Home press secretary, Karoline Leavitt stated that may not be the case.
“(Trump) considered it and considered against it. There will be no exemptions,” she stated.
“American-first steel. And if they want to be exempted, they should consider moving steel manufacturing here.”
The choice sparked a livid bipartisan response from Australian politicians, with Mr Albanese, International Minister Penny Wong and Commerce Minister Don Farrell saying the transfer was “no way to treat a friend”.
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