Global Economy

LIVE | Australian PM Anthony Albanese reacts to Trump's reciprocal tariffs: 'Not an act of a friend'


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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