View full page at forexfactory.com

 

Trump promised Australia would be exempt from trade war

From news.com.au

DONALD Trump has reneged on a promise he reportedly made to exempt Australia from import tariffs. The US President sent global markets tumbling last week after he vowed to impose a 25 per cent tariff on steel imports and 10 per cent tariff on aluminium exports to protect US producers, sparking fears of a global trade war. Australia, Canada and several European nations were hoping to be exempt from the rule, but White House trade adviser Peter Navarro confirmed on Sunday that the rule would be applied “across the board”. But it wasn’t just a case of dashed optimism for Australia. The two countries reportedly came to ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis