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Aus TradeMin Ciobo calls US' steel tariffs as 'disappointing'

Australia's Trade Minister Steven Ciobo speaks to reporters in Sydney, expressing his disappointment on the US steel tariffs announcement.

Key Points:

Australia seeks an exemption to US steel tariffs.

Urgently seeking to speak with US commerce secretary Wilbur Ross.

The imposition of a tariff like this will distort trade and lead to a loss of jobs.

Australia PM Turnbull has raised the matter with Trump 'directly'.

If the reaction from major economies got bad enough, could possibly see a recession.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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