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Home Business & Finance Economic Policies

LIVE | Australian PM Anthony Albanese reacts to Trump’s reciprocal tariffs: ‘Not an act of a friend’ – The Economic Times Video todayheadline

April 3, 2025
in Economic Policies
Reading Time: 1 min read
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Australian Prime Minister Anthony Albanese said on Thursday (April 3) that the decision by U.S. President Donald Trump to impose tariffs was not “the act of a friend,” but ruled out placing reciprocal tariffs against the United States. Trump said on Wednesday (April 2) that he would impose a 10% baseline tariff on all imports and higher duties on some of his country’s biggest trading partners, in a move that ratchets up a trade war that Trump kicked off on his return to the White House. “The (Trump) administration’s tariffs have no basis in logic, and they go against the bases of our two nation’s partnership. This is not the act of a friend,” Albanese told reporters.

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Tags: ActAlbaneseAnthonyAnthony AlbaneseAustralianAustralian Prime MinisterDonald TrumpEconomicfriendimport tariffslivereactsreciprocalReciprocal Tariffreciprocal tariffsTariffstimestodayheadlinetrade warTrumpTrump tariffsTrumpsUS Australia relationsvideo
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