Speaking at the International Institute of Finance event in Sydney, Westpac chief executive Anthony Miller said it was important not to react to tariffs, but “keep calm and play the long game”.“In a world where there is so much more volatility and uncertainty,

Australia will not be exempt from U.S. steel and aluminium tariffs that President Donald Trump's administration will impose on Wednesday, Australian media reported, citing a White House official. Trump agreed in February to consider exempting Australia from the tariffs in view of the U.

Australia has failed to secure an exemption from US steel and aluminum tariffs despite a lobbying campaign by Prime Minister Anthony Albanese’s government, in a blow to relations between the two longtime allies.