PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation
FXStreetMar 12, 2025 1:38 AM
Australia’s Prime Minister (PM) Anthony Albanese said on Wednesday that “retaliatory measures would only increase costs for Australian consumers and fuel inflation.”
PM Albanese confirmed that “Australia will not impose reciprocal tariffs on the United States (US).”
His comments come after US President Donald Trump proceeded with 25% tariffs on all imported steel and aluminium.
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