Media reports on comments from Trump's trade adviser Navarro are weighing on Australian hopes for an exemption on tariffs:

Navarro spoke with CNN:

  • "Australia is just killing our aluminium market,"
  • (on exemptions_ "President Trump says no, no, we're not, we're not doing that anymore."
  • "What they do is they just flood our markets"
  • "That's what we're dealing with. Our aluminium industry is on its back."

ICYMI - Trump's 25% tariffs on steel and aluminium are planned to come into effect on March4:

Navarro

Navarro was released from federal prison in July of 2024.

Source: Forex Live