Trade Minister Don Farrell has warned Australian companies not to count on Anthony Albanese winning tariff relief from Donald Trump if he secures a meeting with the president later this month, saying the most important outcome of any leaders’ meeting would be reassurance about the US military alliance.

Speaking at the Financial Review Asia Summit in Sydney on Tuesday, Farrell reiterated that Australia’s bargaining chip in any trade negotiation with Trump was a potential deal on critical minerals and said it was important to separate the countries’ security relationship from the trade relationship. Loading...

See Full Page