US President Donald Trump has announced that Australia will be exempt from planned steel and aluminium import tariffs.
The announcement came following discussions between Mr Trump and Australian Prime Minister, Malcolm Turnbull.
Mr Trump will confirm the exemption through an executive order, which is yet to be released.
The announcement was made on Twitter, with both leaders tweeting to reaffirm the relationship between the US and Australia,
Mr Trump tweeted first, making the announcement and reference to a new security arrangement.
“Spoke to PM @TurnbullMalcolm of Australia. He is committed to having a very fair and reciprocal military and trade relationship,” Mr Trump said.
“Working very quickly on a security agreement so we don’t have to impose steel or aluminum tariffs on our ally, the great nation of Australia!”
Mr Turnbull also celebrated the announcement on Twitter, saying it will be beneficial for both nations.
“Great discussion today on security and trade. Australia/US trade is fair & reciprocal & each of our nations has no closer ally,”
“Thank you for confirming new tariffs won’t have to be imposed on Australian steel & aluminium – good for jobs in Australia and in US!”
Despite also appearing to reference a change in security arrangements, Mr Turnbull has denied that there will be a new security agreement.
“We have the closest possible military and security alliance with the United States and it gets closer all of the time,” he said.
The deal makes Australia one of just three nations exempt to the tariffs, the others being NAFTA members Canada and Mexico.