Australia will avoid Donald Trump’s latest tariff escalation after he said the US would soon begin implementing reciprocal import duties on its trading partners.

President Donald Trump has agreed to consider an exemption for Australia from US tariffs on steel and aluminum following a telephone call with Prime Minister Anthony Albanese, even after he initially said there would be no exceptions from the imposts.

Anthony Albanese's hopes of securing an exemption from Donald Trump's incoming metals tariffs have been dealt a blow, with a senior presidential adviser accusing Australia of "killing the aluminium market".

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

By comparison, less than $1 billion of steel and aluminium was exported to the US in 2023, according to data from UN Comtrade, consisting of about $500 million of aluminium and less then $400 million of steel. Exports to the US account for about 10% of Australia’s total exports of these metals.

U.S. President Donald Trump says he has agreed to consider a tariff exemption on Australian steel and aluminum imports after a telephone conversation with Australia’s prime minister.

A proclamation signed by Donald Trump has revealed a surprise issue, hours after the PM asked the President for an exemption on steel and aluminium exports.

A US congressman has lashed Trump's tariff plan as an insult to Australia. Travis Kelce speaks out after Kansas City Chiefs’ heavy Super Bowl defeat China's incoming station wagons are insane Radio legend dies a week after announcing retirement IN FULL: Anthony Albanese reveals details of Donald Trump phone call There’s a new outbreak of bird flu in Australia.