We bring you this episode of Inside Politics on Valentines Day, but right now the trade relationship between Australia and our closest ally is at a delicate juncture.

This week President Donald Trump declared his intention to impose tariffs on aluminium and steel imports from all countries, no exceptions. And the pressure was on Prime Minister Anthony Albanese to negotiate a way out.

Albanese had a long, and reportedly warm conversation with Trump about the tariff issue, with Trump saying he would consider an exemption for Australian steel and aluminium.

But no promises were made, and in the volatile landscape of Trump 2.0, nothing is certain except we will have more uncertainty.

This week, Inside Politics host Jacqueline Maley is joined by chief political correspondent David Crowe, and senior economics correspondent Shane Wright.