0223 GMT - News that Australia has not secured a U.S. tariff exemption is disappointing but not unexpected, the head of the country's key business lobby group says. Innes Willox, chief executive of the Australian Industry Group, adds that the decision does send an unfortunate signal about the broader state of the economic relationship between the U.S. and Australia and "sets the scene for more uncertainty in the period ahead." Australia needs to be wary about what products could be affected next, he adds. "These are uncertain times. The real danger is the chilling affect it will have on trade and supply chains globally, and the negative impact it will have on a global economy that is already limping," he says. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

March 11, 2025 22:23 ET (02:23 GMT)

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