Aus TradeMin Ciobo calls US' steel tariffs as 'disappointing'

Australia's Trade Minister Steven Ciobo speaks to reporters in Sydney, expressing his disappointment on the US steel tariffs announcement.

Key Points:

Australia seeks an exemption to US steel tariffs.

Urgently seeking to speak with US commerce secretary Wilbur Ross.

The imposition of a tariff like this will distort trade and lead to a loss of jobs.

Australia PM Turnbull has raised the matter with Trump 'directly'.

If the reaction from major economies got bad enough, could possibly see a recession.