‘More good things to come': Trump's immigration crackdown increases blue-collar wages
'Trump won the vote on the economy, he won the vote on people preferring him on immigration reform as well,' Mr DeAngelis told Sky News host Rita Panahi.
'He's stopping so much of the illegal immigration … those illegal immigrants force wages downwards.
'Trump stopping that flow into the country allows American workers to make more money.
'There are more good things to come, the Big, Beautiful Bill just passed.'
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Sydney Morning Herald
30 minutes ago
- Sydney Morning Herald
Australia news LIVE: Interest rate cut all but guaranteed after inflation slowdown; tsunami evacuations ordered in South America
Latest posts Latest posts 6.54am Why the massive Russian earthquake produced such a weak tsunami By Katrina Miller When one of the largest earthquakes ever recorded struck off the coast of the Kamchatka Peninsula in eastern Russia on Wednesday, tsunami warning centres around the Pacific quickly leapt into action. They quickly issued advisories for the potential of colossal ocean waves that are often generated by big earthquakes. But later in the morning, the centres began to cancel those warnings as the big waves failed to appear. What happened? According to Diego Melgar, a geophysicist at the University of Oregon, part of the reason the tsunamis were weaker than anticipated may have to do with the size of the earthquake. 'There's big,' he said. 'And then there's really, really, really big.' 6.51am Trump in no rush to appoint Canberra ambassador By Matthew Knott US President Donald Trump has shown no sign of appointing an ambassador to Canberra despite doing so for more than 50 other countries, fuelling accusations Australia is a low diplomatic priority as Trump weighs decisions on tariff rates and the future of the AUKUS defence pact. The federal opposition has intensified its criticism of Prime Minister Anthony Albanese for not securing a meeting with Trump this week after the president said he planned to increase his baseline tariff rate from 10 per cent to as much as 20 per cent. The Trump administration has announced ambassadorial nominees for at least 52 countries, including Malta, Tunisia, the Bahamas, Latvia, Namibia and New Zealand. The US Senate has approved Trump's nominees for ambassadors to China, Japan, Canada, Mexico, France, Israel, Britain, Ireland, Turkey and Panama, allowing those diplomats to take up their posts at embassies in their host countries. 6.49am What's making news today By Daniel Lo Surdo Hello and welcome to the national news live blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: An interest rate is all but assured when the Reserve Bank meets next month, after inflation figures released on Wednesday found the annual rate fell to 2.1 per cent to the June quarter, marking the lowest inflation rate since early 2021. Treasurer Jim Chalmers celebrated the figures, labelling them 'absolutely outstanding'. It comes in a sitting week when Labor is working to progress draft laws that would cap medicine under the Pharmaceutical Benefits Scheme at $25, and pass student debt reduction and childcare reform legislation. New alerts have forced evacuations in South America's Pacific coast as fears of a devastating tsunami for the US and Japan faded on Wednesday after one of the strongest earthquakes ever recorded struck off a sparsely populated Russian peninsula. Chile raised its warning to the highest level for most of its lengthy Pacific coast hours ago, with mass evacuations underway amid concerns of a tsunami. Warnings in the first hours after the 8.8 magnitude quake triggered immediate evacuations in Japan and Hawaii, while several people in Russia were hurt while rushing to safer ground. The Australian sharemarket is set to fall on Thursday, after most US stocks retreated following the Federal Reserve's decision to hold its main interest rate steady. The Federal Reserve's decision is expected to frustrate President Donald Trump, who has been angrily lobbying for lower interest rates, but was widely expected on Wall Street. Federal Reserve chair Jerome Powell pushed back on expectations for a September rate cut, saying inflation was still above the Fed's two per cent target.
The Age
30 minutes ago
- The Age
Australia news LIVE: Interest rate cut all but guaranteed after inflation slowdown; tsunami evacuations ordered in South America
Latest posts Latest posts 6.54am Why the massive Russian earthquake produced such a weak tsunami By Katrina Miller When one of the largest earthquakes ever recorded struck off the coast of the Kamchatka Peninsula in eastern Russia on Wednesday, tsunami warning centres around the Pacific quickly leapt into action. They quickly issued advisories for the potential of colossal ocean waves that are often generated by big earthquakes. But later in the morning, the centres began to cancel those warnings as the big waves failed to appear. What happened? According to Diego Melgar, a geophysicist at the University of Oregon, part of the reason the tsunamis were weaker than anticipated may have to do with the size of the earthquake. 'There's big,' he said. 'And then there's really, really, really big.' 6.51am Trump in no rush to appoint Canberra ambassador By Matthew Knott US President Donald Trump has shown no sign of appointing an ambassador to Canberra despite doing so for more than 50 other countries, fuelling accusations Australia is a low diplomatic priority as Trump weighs decisions on tariff rates and the future of the AUKUS defence pact. The federal opposition has intensified its criticism of Prime Minister Anthony Albanese for not securing a meeting with Trump this week after the president said he planned to increase his baseline tariff rate from 10 per cent to as much as 20 per cent. The Trump administration has announced ambassadorial nominees for at least 52 countries, including Malta, Tunisia, the Bahamas, Latvia, Namibia and New Zealand. The US Senate has approved Trump's nominees for ambassadors to China, Japan, Canada, Mexico, France, Israel, Britain, Ireland, Turkey and Panama, allowing those diplomats to take up their posts at embassies in their host countries. 6.49am What's making news today By Daniel Lo Surdo Hello and welcome to the national news live blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: An interest rate is all but assured when the Reserve Bank meets next month, after inflation figures released on Wednesday found the annual rate fell to 2.1 per cent to the June quarter, marking the lowest inflation rate since early 2021. Treasurer Jim Chalmers celebrated the figures, labelling them 'absolutely outstanding'. It comes in a sitting week when Labor is working to progress draft laws that would cap medicine under the Pharmaceutical Benefits Scheme at $25, and pass student debt reduction and childcare reform legislation. New alerts have forced evacuations in South America's Pacific coast as fears of a devastating tsunami for the US and Japan faded on Wednesday after one of the strongest earthquakes ever recorded struck off a sparsely populated Russian peninsula. Chile raised its warning to the highest level for most of its lengthy Pacific coast hours ago, with mass evacuations underway amid concerns of a tsunami. Warnings in the first hours after the 8.8 magnitude quake triggered immediate evacuations in Japan and Hawaii, while several people in Russia were hurt while rushing to safer ground. The Australian sharemarket is set to fall on Thursday, after most US stocks retreated following the Federal Reserve's decision to hold its main interest rate steady. The Federal Reserve's decision is expected to frustrate President Donald Trump, who has been angrily lobbying for lower interest rates, but was widely expected on Wall Street. Federal Reserve chair Jerome Powell pushed back on expectations for a September rate cut, saying inflation was still above the Fed's two per cent target.
West Australian
30 minutes ago
- West Australian
US President Donald Trump imposes 25 per cent tariff on India, ‘penalty' for Russia energy ties amid deadline
US President Donald Trump has imposed a 25 per cent tariff on goods imported from India starting on August 1, along with an unspecified penalty for buying Russian weapons and oil. The US decision singles out India more severely than other major trading partners, and threatens to unravel months of talks between the two countries, undermining a key strategic partner of the United States. 'While India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,' Mr Trump wrote in a Truth Social post. 'They have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD!' While he also warned all other countries, including Australia, that have not yet locked in their trade deal. The Indian government said in a statement on Wednesday it had taken note of the US bilateral trade tariff decision and added that it was studying its implications. The White House has previously warned India about its high average applied tariffs - nearly 39 per cent on agricultural products - with rates climbing to 45 per cent on vegetable oils and about 50 per cent on apples and corn. Russia continued to be the top oil supplier to India during the first six months of 2025, making up 35 per cent of overall supplies. The US currently has a $US45.7 billion ($A70.3 billion) trade deficit with India. The news pushed the Indian rupee down 0.4 per cent to about 87.80 against the US dollar in the non-deliverable forwards market, from its close at 87.42 during market hours. 'Higher tariffs for India compared to countries it competes with, for exports to the US, are going to be challenging,' said Ranen Banerjee, a partner of economic advisory services at PwC India. US and Indian negotiators had held multiple rounds of discussions to resolve contentious issues, particularly over market access into India for US agricultural and dairy products. Despite progress in some areas, Indian officials resisted opening the domestic market to imports of wheat, corn, rice and genetically modified soybeans, citing risks to the livelihood of millions of Indian farmers. The US had flagged concerns over India's increasing and burdensome import-quality requirements, among its many barriers to trade, in a report released in March. The new tariffs are expected to affect India's goods exports to the US, estimated at about $US87 billion in 2024, including labour-intensive products such as garments, pharmaceuticals, gems and jewellery and petrochemicals. India joins a growing list of countries facing higher tariffs under Mr Trump's 'Liberation Day' trade policy, aimed at reshaping US trade relations by demanding greater reciprocity. The setback comes despite earlier commitments by Prime Minister Narendra Modi and Mr Trump to conclude the first phase of a trade deal by the northern hemisphere autumn 2025 and expand bilateral trade to $US500 billion by 2030, from $US191 billion in 2024. Indian officials have previously indicated that they view the US as a key strategic partner, particularly in counterbalancing China. But they have emphasised the need to preserve policy space on agriculture, data governance and state subsidies. It was not immediately clear whether the announcement was a negotiating tactic. 'I think President Trump is frustrated with the progress we've made with India but feels that a 25 per cent tariff will address and remedy the situation in a way that's good for the American people,' White House economic adviser Kevin Hassett said on Wednesday. 'While the negotiations seems to have broken down, we don't think the trade-deal haggling between the two nations is over yet,' Madhavi Arora, an economist at Emkay Global, said.
