Australia's trade minister said its steel and aluminium exports to the U.S. create "good paying American jobs" and are key to shared defence interests, as Canberra presses Washington for an exemption to President Donald Trump's planned tariffs.
Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul.
Trade Minister Don Farrell said on Monday that Australia, a key U.S. security ally in the Indo-Pacific, was making the case for "free and fair trade, including access into the U.S. market for Australian steel and aluminium" in meetings with the Trump administration.
"Australian steel and aluminium is creating thousands of good paying American jobs, and are key for our shared defence interests," he said in a statement.
Farrell is yet to meet with his U.S. counterpart who has not been confirmed in the role, but Australian officials have been making representations on aluminium and steel exports for several months, seeking to secure a similar exemption from tariffs it won during the previous Trump presidency in 2018.
Australian processed steel was purchased by the largest U.S. military shipbuilder as AUKUS partners Australia, Britain and the U.S. seek to integrate defence supply chains, the Australian government said last year.
Shares in Australian-listed BlueScope Steel (BSL.AX) rose nearly 2% on expectations its U.S. business would gain from the tariffs. It operates the North Star Mill in Ohio and employs around 4,000 people in the United States.
