Australia exempt from Trump trade tariffs

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…

IMF, China, Europe critical of Trump’s plan to impose tariffs

Europe has joined the IMF and China in criticising Trump’s plan to impose tariffs of 25% on steel and  10% on aluminium, saying it could spark a trade war. European commission president Jean-Claude Juncker warned that this will lead to tariffs being imposed on American products like Harley Davidson, Levi’s Jeans and Kentucky bourbon. “If…