Trump’s Steel Tariffs ‘Economic Self Harm,’ Australian PM Says

Donald Trump’s decision to double steel tariffs on imports was “inappropriate” but it won’t impact Australia any more than it would other countries, Prime Minister Anthony Albanese said.

Talking to reporters, Albanese said the US President’s move to increase tariffs on steel and aluminum to 50% from 25% was “an act of economic self harm by the United States that will increase the cost for consumers” in the US.

“Because it is supplied across the board, what it will do is not create any comparative advantage or disadvantage for Australia compared with other countries that export into the United ...