Australian Prime Minister Anthony Albanese affirmed that Australia will prioritize its national interests in light of former President Trump's proposed retaliatory tariffs on U.S. trade partners. Albanese stated that Canberra will uphold its regulatory standards, despite potential targeting by Washington. It is important to note that Australia enjoys a trade surplus with the United States and benefits from a free trade agreement that facilitates duty-free entry of U.S. exports. Albanese emphasized that his administration would refrain from imposing reciprocal tariffs. He pointed out that the United States is a relatively minor trade partner for Australia, with less than 5% of Australian goods exports directed to the U.S. Furthermore, he underscored ongoing efforts to expand trade relations with Asian markets to bolster local enterprises.