US, Australia working quickly on a 'security agreement' to avoid 232 tariffs

US will gain nothing by imposing tariffs: Australian PM

According to the report, Australian Ambassador to Washington Joe Hockey, called Norman on behalf of Australian Prime Minister Malcolm Turnbull, to give Turnbull Trump's personal cell phone number.

Australian media is accusing President Donald Trump of "reneging" on a promise he reportedly made to Australian Prime Minister Malcolm Turnbull a year ago.

This was a highly worrying situation for Australia given we export over $500 million worth of steel and aluminium to the United States every year.

The President tweeted about the decision, saying he was "committed to having a very fair and reciprocal military and trade relationship".

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Mexico and Canada were the only countries officially exempt. Those duties are set to take effect in the next few weeks.

The tariffs drew fire from many foreign governments, who warned that they could take retaliatory trade measures against the US if Trump made good on his plan to levy the heavy duties on steel and aluminum.

Treasury Secretary Steven Mnuchin said the USA wants to negotiate exemptions for the tariffs before they take effect in two weeks, as pressure grows from allies who are threatening retaliation if the duties are applied to them.

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