** Shares of Australian building products makers drop after local media reported the country will not be exempt from U.S. steel and aluminium tariffs that President Donald Trump's administration will impose
** Shares in Brambles BXB.AX which makes pallets, dropped as much as 3% to their lowest since February 25
** James Hardie Industries JHX.AX, a fiber cement maker, slumped up to 3.2%
** Trump agreed in February to consider exempting Australia from the tariffs given the U.S. trade surplus with the country, following a phone call with Australian Prime Minister Anthony Albanese
** Brambles makes both steel and aluminium pallets
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.