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Australia secures exemption from US steel, aluminum tariffs

Prime Minister Malcolm Turnbull confirmed that Australia secured exemption from the recently announced steel and aluminum tariffs by the U.S., state-funded broadcaster ABC reported March 10.

U.S. President Donald Trump said the countries are working on a security deal in return for the exemption from tariffs.

"Working very quickly on a security agreement so we don't have to impose steel or aluminium tariffs on our ally, the great nation of Australia!", Trump said on Twitter, referring to his meeting with Turnbull.

Trump recently ordered tariffs of 25% on global steel imports and 10% on aluminum, pledging to boost domestic production and security, but gave a temporary exemption to Canada and Mexico amid North American Free Trade Agreement renegotiations.

However, Turnbull denied the two countries were working on a new "security" deal, adding that Trump was referring to the legal paperwork and declaration in connection with the exemption.