Australia will avoid Donald Trump’s latest tariff escalation after he said the US would soon begin implementing reciprocal import duties on its trading partners.

U.S. President Donald Trump said he agreed to consider a tariff exemption on Australian steel and aluminum imports after a telephone call on Tuesday with Australia’s prime minister. Prime Minister Anthony Albanese argued for an exemption during the call,

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.