From michaelwest.com.au: Australia’s Treasurer, Jim Chalmers, has expressed concerns regarding potential reciprocal tariffs from the United States announced by President Trump, particularly about the impact on Australia’s Goods and Services Tax.

There are ongoing diplomatic efforts to advocate against tariffs on Australian steel and aluminium, while also highlighting Australia’s significant contributions in areas like critical minerals and defence spending.

Australia is under pressure to increase its defence budget as part of the broader economic relationship with the U.S.