Expert warns of negative impact from breakdown in rules-based system
Beef is Australia's biggest export to the U.S. Australia's restrictions on imports of American beef had been a sore point for President Donald Trump. © Getty Images
SYDNEY -- Australia's trade chief credited "cool and calm" diplomacy after the country emerged from U.S. President Donald Trump's tariff deadline with the minimum 10% levy on most of its goods, despite a push from some in Washington for a higher rate.
Minister for Trade Don Farrell said he had been told of the outcome by U.S. Secretary of Commerce Howard Lutnick in a phone call on Friday morning, in which the senior U.S. official described some of the dynamics behind the U.S. president's decision.
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