Prime Minister Anthony Albanese says the government is still in talks with the United States over its plans to slap a 25 per cent tariff on Australian steel and aluminium imports.

The closed-door gathering of 34 army chiefs, including NATO alliance and EU members as well as Japan and Australia, was a rare - and possibly unprecedented - convening without the U.S.

US could resume sending military aid and intelligence tomorrow if crunch talks in Saudi Arabia go well, US secretary of state says.

The ASX is set to follow Wall Street lower this morning as the White House confirms there will be no tariff exemptions for Australian steel and aluminium. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

The Australian Prime Minister has made a promise about Ukraine to Sir Keir Starmer - while Donald Trump is threatening new sanctions to secure a ceasefire. World leaders are continuing to discuss plans to potentially end Russia's war in Ukraine, following uncertainty over the United States' relationship with the two countries.