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'Very regrettable'

Thursday, March 08, 2018

SYDNEY - A US proposal to slap tariffs on imports of steel and aluminum was "very regrettable" and reprisals from other countries would be damaging, the head of Australia's central bank said on Wednesday.

"The recent announcement on tariffs by President Trump was very regrettable," Reserve Bank of Australia (RBA) Governor Philip Lowe said in Sydney. "The proposed tariffs are manageable, but reprisals from other countries would be very damaging.

Mr Lowe also found US budget deficits "troubling" when the economy was running so strong.

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