Post by Warrigal on Mar 5, 2018 19:08:54 GMT -5
In front of plenty of witnesses (Australian trade officials) at the G20 last year #45 gave an emphatic promise to Malcolm Turnbull that Australia would be exempt from any tariffs that the US would impose.
I hope Turnbull and other Australian leaders have taken note that his word is worthless and get any future agreements/commitments in writing and witnessed.
#45 (I refuse to use his name at the moment because I am very angry with him) is fond of saying that every country is ripping off the US because of unfavourable trade inbalances. He refuses to accept that in Australian/US trade, it is Australia that has a deficit trade balance.
DONALD Trump has reneged on a promise he reportedly made to exempt Australia from import tariffs.
The US President sent global markets tumbling last week after he vowed to impose a 25 per cent tariff on steel imports and 10 per cent tariff on aluminium exports to protect US producers, sparking fears of a global trade war.
Australia, Canada and several European nations were hoping to be exempt from the rule, but White House trade adviser Peter Navarro confirmed on Sunday that the rule would be applied “across the board”.
But it wasn’t just a case of dashed optimism for Australia. The two countries reportedly came to an agreement last year that the Trump administration would specifically exempt us from its controversial new plan. According to the ABC, the US president “emphatically” promised Australia would be exempt from the tariffs while meeting with Prime Minister Malcolm Turnbull at the Hamburg G20 meeting in July.
The conversation was witnessed by Finance Minister Mathias Cormann and Deputy Secretary of the Department of Prime Minister and Cabinet David Gruen, as well as members of Mr Trump’s administration.
www.news.com.au/finance/markets/world-markets/trump-promised-australia-would-be-exempt-from-trade-war/news-story/9e4e37eb88b898d454830f8c652e8d5a
