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Trump tariffs may benefit Australian steel company BlueScope

BlueScope could benefit from Trump’s steel tariffs, boosting prices and competitiveness despite risks from increased Chinese imports.

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BlueScope could benefit from Trump’s steel tariffs, boosting prices and competitiveness despite risks from increased Chinese imports.

In Short

Australia may receive an exemption from Trump’s steel tariffs, benefiting BlueScope as steel prices surge. Despite profit declines, BlueScope expects improved US demand and plans for dividends and share buybacks.

Australia may gain an exemption from Donald Trump’s steel tariffs, presenting a potential advantage for Australian business BlueScope.

During a recent shareholder meeting, BlueScope’s managing director Mark Vassella noted that prices for steel surged 20 per cent following the tariff announcement.

He described the current market dynamics, suggesting that with the tariffs, the US remains an attractive market for steel investment. Vassella recalled similar price increases after Trump’s previous tariffs in 2018, hinting that prices might rise further by 25 per cent if Australia receives an exemption.

BlueScope produces significant steel from its US facility while exporting a smaller amount from Australia. Vassella expects a positive outcome for BlueScope due to the tariffs despite potential disruptions in the Australian market from redirected steel imports.

Trump’s tariffs

The tariffs align with Trump’s economic vision, aiming to protect US jobs and economy while increasing local prices. Australian Prime Minister Anthony Albanese has communicated with Trump regarding the tariffs, with the possibility of an exemption being discussed.

Despite a reported decline in profits for BlueScope due to challenging market conditions, the company anticipates a rebound in US demand. BlueScope has also announced plans for dividends and a share buyback, reflecting confidence in future growth.

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U.S. envoys head to Moscow as Ukraine peace talks accelerate

U.S. envoys to meet Putin, signaling a potential shift in Ukraine war diplomacy.

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U.S. envoys to meet Putin, signaling a potential shift in Ukraine war diplomacy.


Senior U.S. envoys are preparing to meet Russian President Vladimir Putin as diplomatic efforts around the war in Ukraine gather pace. The visit comes after Russia formally requested high-level talks, signalling a potential shift in momentum.

Special Envoy Steve Witkoff and Jared Kushner are set to travel to Moscow following months of behind-the-scenes discussions. The move underscores Washington’s willingness to engage directly as negotiations enter a more decisive phase.

With global attention fixed on the outcome, the meeting could shape the next chapter of the conflict — and determine whether diplomacy can finally overtake military escalation.

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#UkraineWar #RussiaUkraine #PeaceTalks #GlobalPolitics #USRussia #BreakingNews #Geopolitics #TickerNews


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Trump drops tariff threat after Greenland framework deal

Trump announces Greenland deal, easing tariff threats amid trade tensions, boosting US markets and sparking Arctic diplomacy debate.

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Trump announces Greenland deal, easing tariff threats amid trade tensions, boosting US markets and sparking Arctic diplomacy debate.


U.S. President Donald Trump has announced a framework deal involving Greenland, stepping back from earlier threats to impose tariffs on Europe. The shift comes after heightened global concern over trade tensions and geopolitical stability.

The announcement followed Trump’s appearance at the World Economic Forum in Davos and discussions with NATO’s Secretary General.

Denmark’s Foreign Minister has since weighed in, responding to speculation surrounding Greenland’s future and the implications of US involvement.

Markets reacted positively, with US stocks rallying after Trump signalled he would abandon the tariff threats.

While Trump reiterated he would not use force to acquire Greenland, the move has sparked renewed debate about diplomacy, trade, and influence in the Arctic region.

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#DonaldTrump #Greenland #USTrade #Tariffs #GlobalMarkets #USPolitics #WorldNews #Ticker


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Coalition cracks deepen as Nationals break ranks over Labor reforms

Nationals senators defy party lines, voting against Labor’s reforms as Coalition faces internal rifts and leadership concerns.

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Nationals senators defy party lines, voting against Labor’s reforms as Coalition faces internal rifts and leadership concerns.


A rift has emerged in the Coalition after three Nationals senators crossed the floor to vote against Labor’s post-Bondi hate group reforms, defying party lines and raising questions about their future in the shadow cabinet.

Their proposed amendment calling for greater scrutiny was rejected, and Labor’s legislation passed the Senate 38 votes to 22, cementing the reforms into law despite opposition pushback.

Coalition leadership will meet Wednesday to assess the political fallout, though some MPs consider the issue minor in terms of potential resignations. The incident highlights growing tensions within the party as internal discipline comes under pressure.

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#AustralianPolitics #Coalition #Nationals #Labor #Senate #PoliticalDrama #TickerNews #BreakingPolitics


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