So when US President Donald Trump announced early last month that Australia and the rest of the world would be subject to a 25 per cent tariff on all steel exports, he knew steel prices were about to drop. "A lot of the steel going into the USA [will be] out of the market, and that's going to have to find a home," he said. University of Sydney economist Vladimir Tyazhelnikov is more concerned about the possibility of a global trade war and its impacts than the effect of tariffs on Australian jobs in the industry.
Author: ABC News
Published at: 2025-04-05 21:12:42
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