New York Times report
AUD higher a few ticks.
I didn't know they were being considered. And another thing, should we just wait 5 minutes in case Mr. T has a mood swing?
From the NYT:
- The Trump administration considered imposing tariffs on imports from Australia last week,
- decided against the move amid fierce opposition from military officials and the State Department, according to several people familiar with the discussions
- Some of Trump's top trade advisers had urged the tariffs as a response to a surge of Australian aluminum flowing onto the American market over the past year.
- But officials at the Defense and State Departments told Mr. Trump the move would alienate a top ally and could come at significant cost to the United States.
Such a bunch of dickheads at the White House. LOL.