The Dow Jones Industrial Average fell on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
As Netflix's rivals prep for their own streaming service launches, and snatch up content belonging to their own networks, Netflix could soon face a dry well when it comes to...Entertainmentread more
"There's a huge reorganization going on in China regarding fentanyl to try to shut it down," Blackstone co-founder Stephen Schwarzman says.Health and Scienceread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The fine against Carmene "Zsa Zsa" DePaolo was the maximum possible civil penalty that she faced under the Hatch Act for her comments about Hillary Clinton's immigration plan...Politicsread more
Trump considered tariffs@
* Prime minister says Aus aluminum exporters doing nothing wrong
* Aus exports about $350 mln in steel, aluminum to U.S. each year
* Canberra has long been a staunch ally of the United States (Adds Australian minister comment, detail)
SYDNEY, June 3 (Reuters) - Australian Prime Minister Scott Morrison on Monday said aluminum exporters are complying with the terms of a deal with the United States after the New York Times reported President Donald Trump had considered imposing tariffs on Canberra.
The New York Times, citing unidentified sources, said Trump had been urged to impose tariffs on Australian steel and aluminum in response to an increase in exports of aluminum to the United States over the past year.
Trump was persuaded to backtrack on the plan after advice that imposing tariffs on Australia would alienate a key ally in the Asia-Pacific region, the New York Times reported.
Morrison said Australian exporters were doing nothing wrong.
"We have an arrangement with the United States and we are working within that arrangement," Morrison told reporters in Honiara, the capital of the Solomon Islands.
Trump imposed a 25% tariff on steel and a 10% tariff on aluminum imports in March. He agreed to an exemption for Canberra after lobbying by then Australian prime minister Malcolm Turnbull.
Australia exports about A$500 million ($347.00 million) in steel and aluminum to the United States each year.
"Australia's aluminum producers trade at market prices in a competitive environment, receiving no government subsidies or similar support," the nation's trade minister, Simon Birmingham, said in an emailed statement.
Australia has long been a staunch ally of the United States and won favor with Washington in recent months for pushing back against growing Chinese influence in the Pacific region.
China has sought to increase its clout in the Pacific through increased foreign aid, which Australia has moved to undercut in recent months.
Australia has offered Pacific countries up to A$3 billion in grants and loans to build infrastructure, with Morrison declaring the region was "our patch."
Supplementing the fund, Morrison said on Monday that Australia would also dedicate A$250 million over the next 10 years to financing infrastructure in the Solomon Islands.
($1 = 1.4409 Australian dollars) (Reporting by Colin Packham; Editing by Paul Tait and Joseph Radford)