Australia news live: retaliatory tariffs on US not ‘in the interest of Australian economy’, Marles says; family pay tribute to missing surfer

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Deputy PM says retaliatory tariffs on US not in Australia’s interests

The deputy prime minister, Richard Marles, says retaliatory tariffs on the US would not be “in the interest of the Australian economy or Australian workers”.

Marles is speaking on ABC Radio National, where he is being asked about the Trump administration’s decision to reject Australia’s plea for an exemption from tariffs on steel and aluminium imports.

The Trump administration has imposed taxes on imports from important trading partners, including tariffs of 25% on all imported steel and aluminium which came into effect yesterday.

In response, Canada announced retaliatory tariffs on nearly $30bn worth of American imports.

Asked if Australia would do anything similar, Marles said:

In terms of doing retaliatory tariffs, that would not be in the interests of the Australian economy, of Australian workers.

So we’re not about to do anything which is an act of self-harm. And really this is ultimately the point here – I mean, tariffs are an act of self-harm.

This is not going to do the American economy any good, and we’re not about to engage in harming the Australian economy.

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The chair of the Australian Energy Regulator, Clare Savage, says the agency acknowledges it is a “challenging time” for consumers, particularly those affected by Ex-Tropical Cyclone Alfred.

In a statement, Savage said:

This is a very difficult time for many communities across northern New South Wales and South East Queensland who have been or remain without power following ex-Tropical Cyclone Alfred.

The AER says it will be working with retailers to “ensure they are focused on the need to support affected customers”.

Savage also acknowledged cost-of-living pressures, saying:

We know that cost-of-living pressures are front of mind for many households and small businesses.

We’ve seen cost pressures across nearly every component of the DMO, and we have given careful scrutiny to every element of the DMO cost stack to ensure prices are a reasonable reflection of the costs of a retailer to supply electricity.

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