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Australia won't retaliate against US 10 percent trade tariff, prime minister says

( April 4, 2025, 05:22 GMT | Official Statement) -- MLex Summary: For the administration of US President Donald Trump to refer to the 10 percent tariff imposed on Australia as “reciprocal” is misleading because Australia doesn’t impose tariffs on US exports, Prime Minister Anthony Albanese said. In a statement, the Australian leader said his government wouldn’t be seeking to impose tariffs to match those of the US. “We will not join a race to the bottom that leads to higher prices and slower growth,” Albanese said in a statement that appeared on his personal website, as the campaign for the May 3 general elections continues.  The Australian people had “every right to view this action by the Trump administration as undermining our free and fair trading relationship,” Albanese said.The full statement from Anthony Albanese follows: ...

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