Australia is playing down the possibility of an exemption from steel and aluminum tariffs expected from US President Donald Trump within days, despite last-minute discussions between officials in Canberra and Washington.

Sky News Business Editor Ross Greenwood explains why a tariff exemption for Australia is unlikely. “For what reason would Donald Trump give Australia an exemption?” Mr Greenwood said. “The reality is,

President Donald Trump's flurry of tariffs, government layoffs and spending freezes may be doing more to harm the U.S. economy than to fix it.