
Malcolm Turnbull's warning to Australia about Donald Trump
Malcolm Turnbull has said Australians should be concerned that Donald Trump is moving into the 'realm of authoritarianism'.
Protests in Los Angeles, which saw a police officer turn a gun on an Australian reporter and shoot her with a rubber bullet, continued into Wednesday.
The US President sent 700 US Marines as well as California National Guard to LA, brushing off California Governor's concerns that they would inflame the situation.
He has also flirted with invoking the Insurrection Act, which offers statutory authority to use the military domestically in case of rebellion or insurrection.
Former Prime Minister Turnbull responded to the events on Tuesday, warning that Trump is 'trying to provoke a greater crisis' in the US.
'These are dangerous times in America,' he told ABC News.
'There are many people in America now who are concerned that America is slipping into a realm of authoritarianism, almost of tyranny, and that should be very concerning for us.'
Mr Turnbull also addressed how Anthony Albanese should approach a deal with Trump in order to negotiate the blanket, global tariffs the US President imposed.
The Prime Minister and Trump are both expected to attend the G7 Summit in Canada next week and it is understood the two leaders could meet.
'If you go along and seek to strike a deal with (Trump), how do you know that he will abide by it?' Turnbull said.
'He does not regard his word as his bond.'
Describing the global tariffs as an 'affront' to Australia, Mr Turnbull doubled down on his belief that the US needs trade with the other countries.
'No deal is better than a bad deal. Mr Albanese has got to be prepared to actually get on the front foot with Trump,' he said.
Referencing the US submarine industrial base set to be in Australia under AUKUS, the former Prime Minister suggested Albanese should threaten to 'reconsider' payments for it if the tariffs are not removed.
'The only people (Trump) seems to be getting along with are dictators,' Mr Turnbull said.
'Now he's got to have some friends in the free world.'
Trump (pictured) and Anthony Albanese are due to meet in Canada for the G7 Summit next week during which they are expected to meet to discuss tariff negotiations amid the turmoil occurring in California
Mr Turnbull was speaking after he published a piece last Friday in Foreign Affairs, arguing Australia should honour agreements with the US but expand relationships to other nations.
'Those countries that still believe in free trade need to work together to promote new free-trade arrangements (and extend existing ones) that do not involve the United States,' he said.
'US allies need to find alternatives to the power of the US market.'
Albanese was pressed on relations with Trump and the US during his address to the National Press Club on Tuesday.
Asked what he made of the shooting of Nine News US correspondent Lauren Tomasi, he described the footage as 'horrific'.
'I spoke with Lauren this morning. She's going ok. She's pretty resilient, I've got to say,' Albanese said.
The Prime Minister was questioned on whether he would raise the shooting with Trump when he is expected to meet the US President at the G7.
But Albanese said he would keep any conversations between himself and Trump private.
New US trade tariffs will be at the centre of discussions at the international forum, with Australia trying to carve out an exemption for its exports, such as steel and beef.
Australia had been slapped with a 10 per cent tariff on all exports to the US, with steel and aluminium products having a 50 per cent tariff.
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Reuters
12 minutes ago
- Reuters
Breakdown of U.S. tariffs on China since Trump's first term
BEIJING, June 12 (Reuters) - Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year, Trump has imposed even more duties on China. The U.S. tariffs range from those imposed under Section 301 of its trade act due to what Washington claims are unfair Chinese trade practices, to duties under Section 232 levied for national security reasons. This year, Trump has imposed another 20% levies on all Chinese goods, saying Beijing has not done enough to stop the flow of fentanyl into the United States. So-called reciprocal tariffs, under which the U.S. will match duties imposed by other countries, have also been levied in a bid to rebalance trade flows. Below are the U.S. tariffs on China effective as of June 12, 2025: In September 2019, the U.S. imposed 15% tariffs on more than $120 billion of Chinese goods under Section 301, which it then halved to 7.5% less than six months later. The 25% U.S. tariffs on $250 billion of Chinese goods under the earlier List 1-3 remain unchanged. In September 2024, the U.S. Trade Representative under the Biden administration announced additional tariffs of 25-100% on 14 product groups following a four-year review of the Section 301 tariff actions. The levies were imposed on strategic Chinese sectors or sectors where the United States has made significant domestic investments. In addition to the above duties, the first Trump administration in 2018 imposed a range of tariffs under Section 232 aimed at restricting goods deemed a threat to national security, including all aluminium and steel imports, shutting most Chinese suppliers out of the U.S. market.


Telegraph
23 minutes ago
- Telegraph
Trump wants to sell America to China – but will they buy?
On Wednesday, a jubilant Donald Trump declared that his trade deal with Beijing would 'open up China to American Trade', delivering 'a great WIN for both countries!!!' Yet even as the US president trumpets victory, a chorus of Western companies has been warning that the spoils may be underwhelming. Cosmetics company Estee Lauder is grappling with 'retail softness, reflecting subdued consumer sentiment' in China. Drinks giant Diageo, which makes Guinness and Johnnie Walker, said 'consumers remain cautious and the macroeconomic recovery is taking longer than expected'. Unilever, the consumer goods giant behind Dove soap and Ben & Jerry's ice cream, told its shareholders that 'market growth in China remained subdued'. Burberry reported waning sales there, while KFC and Pizza Hut-owner Yum China said sales in the first quarter were flat. When Starbucks this week slashed the price of its tea lattes and Frappuccinos in China by almost one fifth, it was only the latest sign that trouble was brewing in China for big Western businesses. Trump wants Chinese consumers to buy more American goods, rebalancing what he sees as the lopsided trading relationship between the two countries. But the middle kingdom's economy is in a prolonged funk, reeling from a property crisis and a long hangover from harsh Covid restrictions. With lingering US tariffs of up to 55pc taking a chunk out of China's exports, recovery in the world's second-largest economy depends on the willingness of Chinese consumers to open their wallets and start spending. But unless companies cut prices, or the government steps in to boost demand, cautious Chinese consumers are at best spending selectively. Unlike China's gleaming motorways, the road to an economic rebound looks slow and uncertain – meaning Trump may well be disappointed. Ending the US president's anti-China crusade depends on the Chinese consumer taking out their wallets. It's the 'excess savings' of China's households, coupled with the excess spending of the American government and consumers, that lie at the heart of the pair's unbalanced economic relationship. In layman's terms, Chinese families save, while Americans buy – meaning China exports to the US far more than it imports. 'China has a singular opportunity to stabilise its economy by shifting away from excess production towards greater consumption,' Scott Bessent, the US treasury secretary, said on Wednesday. So far, there is little sign of the balance shifting. In a recent survey by McKinsey, Chinese households said they were not planning to increase how much they spend as a share of their income. (McKinsey saw this as progress; in the 2024 version of the survey, households had actually been planning to reduce consumption.) The survey found that rural dwellers were slightly more enthusiastic about shopping than their urban counterparts. That's unsurprising: it's in the cities where the scars of the property crisis, which began with the collapse of the developer Evergrande in 2021, are most acute. 'Property prices have fallen by around 20pc since the onset of the property crisis,' says Leah Fahy, a China analyst at Capital Economics. 'That has been a massive hit to household wealth and really dampened propensity to spend, and confidence as well.' 'And then more recently, you add all this tension around the trade war, what's going to happen with US tariffs. Even if the actual hit from that hasn't been massive yet.' Justin Koh, a Shanghai-based director at consultancy AlixPartners, says: 'When I first came to China about 15 years ago, there used to be an idea that everything would only go in one direction – up. People just thought sales would double every year. 'Now, the consumer companies we're working with are more pragmatic about growth. They're also very pragmatic about opening and closing stores, about what works and what doesn't work in the market.' Officially, China's economy is holding up, growing at 5.4pc in the first quarter from a year earlier. But the threat of a trade war looms over a country that still relies heavily on manufacturing. Exports to the US slumped by almost 35pc in April from a year earlier and China is struggling with deflation. Consumer prices dipped 0.1pc, the fourth consecutive month of decline, led by food and fuel. A survey by the EU Chamber of Commerce in China found that 83pc of food and beverage companies felt their business environment in the country was deteriorating. Many consumers seem to be looking for bargains, waiting for price decreases, or keeping their yuan in the bank or under the bed. Beijing has been encouraging people to spend, pushing them to buy more white goods by backing a trade-in scheme. It seems to have worked: according to the Xinhua news agency, it spurred 175bn renminbi (£18bn) of transactions this year, and 39pc year–on-year sales growth in April. But that would only be a drop in the ocean of what is required. It might stack a percentage point or two on to GDP growth, but Capital Economics reckons consumption might need to expand by 4pc to offset the hit from falling exports. Fahy says the government seems reluctant to wheel out the fiscal artillery needed to deliver this. 'You get a lot of lip service to the importance of supporting consumption, supporting demand, but they're really hesitant to expand things like social security measures, pension payments, welfare benefits – the things that are most needed to boost households' willingness to spend really and lower the savings rate,' she says. Worryingly for Trump, even if there is an upturn in consumer spending, Chinese may not choose to buy American products. 'There was probably more bargain hunting back in 2022, 2023 – confidence was lower, there was a very clear dip,' says Koh. 'I think this bargain-hunting helped consumers understand other [non-Western] brands a little bit better – they realised that, 'Hey, there might not be that much of a difference there.'' Chinese business news site Caixin says there has been an increase in promotions for 'repatriated foreign trade products' – items originally made to sell overseas that are now being sold at home. This includes marketing campaigns and exhibitions at supermarkets, department stores and shopping malls. Local brands are also gaining ground. Koh's 10-year-old daughter is wild for the Labubu dolls made by Chinese start-up Pop Mart, for example. 'They're the latest craze. If consumer confidence was at an all-time low, we'd likely be seeing less people buying them – less of that type of consumer behaviour,' he says. 'It's a sign of a more discerning consumer, and a consumer that's expressing his or her consumer confidence in different ways.' The ball is now in Beijing's court: the government needs to do more if it wants a consumer-led kickstart for the economy, and a fix for the US-China trade imbalances. Without action, Trump's 'great WIN' may turn into a disappointing loss.


Reuters
32 minutes ago
- Reuters
Saudi Crown Prince MBS will not attend G7 Summit in Canada
DUBAI, June 12 (Reuters) - Mohammed bin Salman, Saudi Arabia's crown prince and de facto leader, will not attend next week's Group of Seven summit in Canada, a senior diplomat briefed on plans told Reuters on Thursday. The crown prince, widely known as MBS, did not give a reason for declining Canada's invitation to the annual gathering, the diplomat said. Saudi Arabia is not a G7 member but can be invited as a guest to its annual gathering, which will be held this year in Kananaskis in the Canadian Rockies, from June 15-17. MBS has rarely travelled internationally in recent years, and declined an invitation to the G7 Summit in Italy last year. He postponed a planned trip to Japan last year, citing concerns over the health of his father, King Salman. Saudi Arabia's government media office did not immediately respond to Reuters' request for comment. Canada's Globe and Mail newspaper, which first reported that MBS would not join this year's gathering, said the development may ease tensions within Canadian Prime Minister Mark Carney's Liberal party, where some members of parliament were upset that an invitation had been extended to MBS. The Saudi crown prince has come under heavy criticism for his country's human rights record. The kingdom denies accusations of human rights abuses. Leaders from Ukraine, Mexico, India, Australia, South Africa, South Korea and Brazil are expected to join for parts of the G7 Summit. U.S. President Donald Trump will also be in attendance.