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.

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U.S. President Donald Trump says he has agreed to consider a tariff exemption on Australian steel and aluminum imports after a telephone conversation with Australia’s prime minister.

Australia is optimistic it can avoid Donald Trump’s latest round of tariffs, after the US President announced he would slap ‘reciprocal’ import duties on trading partners who don’t behave ‘fairly’.

Australias Trade Minister Don Farrell reaffirmed that the country increased aluminium exports to the U.S. with Washingtons approval, addressing concerns over a potential exemption from U.S. tariffs on steel and

Japan and Australia are urging the U.S. to exempt them from the impending tariffs on imported steel and aluminum. These tariffs, set by President Trump, are scheduled to be reinstated next month on allied nations.

Senior Trade Adviser to the US President, Peter Navarro, claimed that Australia is "killing" the US Aluminum market. This statement could deal a blow to Australian Prime Minister Anthony Albanese's efforts to secure an exemption from tariffs on steel and aluminum,