Initial agreement with US to avoid 25% tariffs extended while details finalised

The White House says a deal with Australia over steel and aluminium tariffs will be finalised “shortly” as the Turnbull government welcomes Donald Trump’s decision to grant an exemption.

Tariffs of 25% on steel and 10% on aluminium were set to go into effect on Tuesday, but the White House confirmed that an agreement had been reached with South Korea, an in-principle agreement had been reached with Argentina, Australia, and Brazil “the details of which will be finalised shortly” and negotiations would continue with Canada, Mexico, and the European Union “for a final 30 days”.

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Read More Australia steel tariff deal will be finalised ‘shortly’, White House says

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