President Donald Trump announces sweeping new tariffs on Australian steel and aluminum: What it means for you

Australian alloy and aluminium are acceptable to beryllium slapped with 25 per cent tariffs erstwhile they are exported to the United States.

President Donald Trump has announced the 25 per cent tariffs would use for those imported products during a media league aboard Air Force One, connected Monday Australian time, arsenic helium was flying to the Super Bowl successful New Orleans.

'Any alloy coming into the United States is going to person a 25 per cent tariff,' helium told reporters.

In 2018, Australia was fixed an exemption from 25 per cent American tariffs connected alloy and 10 per cent import taxes connected aluminum aft past premier curate Malcolm Turnbull pointed retired the US had commercialized surpluses with Australia.

Canada, Mexico, the European Union and the UK were besides fixed exemptions connected alloy and aluminium tariffs. 

But this time, President Trump has imposed tariffs much broadly, adjacent though Prime Minister Anthony Albanese has made the aforesaid constituent astir the American commercialized surpluses with Australia stretching backmost to 1952.

This would impact alloy workers astatine Port Kembla, adjacent Wollongong, and Whyalla, successful South Australia, and aluminium manufacturers successful Newcastle northbound of Sydney.

Treasurer Jim Chalmers was past week hopeful President Trump would assistance Australia an exemption again. 

'We are assured that we tin navigate these changes coming retired of DC. We are good placed, we are good prepared,' helium told reporters connected February 4.