‘I get pissed off': Tom Homan unloads on criminal migrants, Biden's border failure
US Border Czar Tom Homan has called on Congress to pass President Donald Trump's 'Big, Beautiful Bill' as it will allow ICE to hire more agents and arrest more criminals.
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‘Put the fear of God in foreign nations': Trump's revenge tax used for ‘leverage'
Former White House chief of staff Mick Mulvaney discusses United States Treasury Secretary Scott Bessent asking for the removal of the 'revenge tax' from the 'Big, Beautiful Bill'. 'I think it was there for leverage in the first place, it was there to give Trump another chip in the negotiations on trade,' Mr Mulvaney told Sky News Australia. 'They got what they wanted out of this; they put the fear of God in foreign nations. 'They sent a message.'
Sky News AU
an hour ago
- Sky News AU
Prime Minister Anthony Albanese refuses to budge on defence spending yet again after Australia gets called out by the White House
Prime Minister Anthony Albanese has refused to budge on his government's defence spending outlook after Australia was called out by White House on Friday morning. White House Press Secretary Karoline Leavitt told reporters on Friday if NATO allies can 'do it', then US allies in the Asia-Pacific can as well. At the NATO summit in The Hague this week, 32 allies agreed to the ambitious 5 per cent target of GDP by 2035 following pressure from US President Donald Trump. The Albanese government has previously resisted calls from the United States to lift defence spending to 3.5 per cent, with current levels about 2 per cent. Speaking in Sydney on Friday morning, Mr Albanese was asked if he was worried about a potential backlash from President Donald Trump for not increasing Australia's defence budget after Spain was facing down higher tariffs for declining to join NATO's five per cent pledge. 'Well, we have increased our defence investment, we've increased it by $57 billion over the medium term and by more than $10 billion in the short term as well,' Mr Albanese said. The Prime Minister said he would not comment on the relationship between Spain and the United States, and insisted he would act only in Australia's national interest. 'That includes our defence and security interests and that's precisely what we are doing,' he said. ' I have said very clearly we will invest in the capability that Australia needs.' While the Prime Minister eschewed the suggestion of a defence spending increase, Defence Minister Richard Marles confirmed on Thursday the Albanese government would 'assess' the defence budget after the group of NATO allies rallied behind Trump. 'Look, obviously, a very significant decision has been made here in relation to European defence spending, and that is fundamentally a matter for NATO,' Mr Marles said. 'We've gone through our own process of assessing our strategic landscape, assessing the threats that exist there, and the kind of defence force we need to build. 'We'll continue to assess what our needs are going forward.' Australia has so far been on track to spend 2.33 per cent of GDP on defence by 2033, according to the government's trajectory. That remains well below both NATO's new 5 per cent target, which has been set for 2035. Prime Minister Anthony Albanese has so far been unwilling to respond to Trump's demands but he recently left the door open to increasing defence spending. Mr Albanese insists any decision will be based on national interest, not external pressure, amid demands from US President Donald Trump and the Coalition.
Sky News AU
2 hours ago
- Sky News AU
ASX 200 up 0.5 per cent, adding more than $15b into local portfolios as US President Donald Trump dumps section 899 revenge tax, mulls tariff deadline
Aussie investors have been buoyed by news the United States' controversial 'revenge tax' will be ditched and Donald Trump's 'Liberation Day' tariffs deadline could be pushed back, adding more than $15b into local portfolios. The index was up 0.5 per cent in the first 40 minutes of trading with aluminium producer Alcoa Corporation rising 6.6 per cent, Capstone Copper jumping 6.5 per cent, Pilbara Minerals adding 5.1 per cent and Liontown Resources up five per cent. Materials stocks are surging on Friday with the sector rising 2.2 per cent, while the telecommunications sector is up 0.9 per cent. It follows White House press secretary Karoline Leavitt saying the July 9 deadline for Trump's sweeping tariffs may be extended. 'The deadline is not critical,' Leavitt said of the steep tariffs. She noted Trump could "simply provide ... countries with (a) deal if they refuse to make us one by the deadline' and set "a reciprocal tariff rate that he believes is advantageous for the United States'. Pressed on this, Ms Leavitt said: 'Perhaps it could be extended but that's a decision for the president.' This comes as US Treasury Secretary Scott Bessent has called on Republican lawmakers to scrap section 899 – known as the 'revenge tax' - after Prime Minister Anthony Albanese and Treasurer Jim Chalmers spoke to him directly. The section 899 in President Donald Trump's 'big beautiful bill' would allow the US to implement retaliatory taxes on nations his administration believes unfairly treats US firms – such as tech giants Meta and Alphabet. On Friday, Bessent posted on X that after months of productive dialogue, a 'joint understanding' among G7 countries would be announced. Bessent said that under the agreement, the 15 per cent global corporate minimum tax would not apply to US companies under "Pillar 2" of the OECD tax deal. He added: "We will work cooperatively to implement this agreement across the OECD-G20 Inclusive Framework in coming weeks and months." Wall Street bounced back on Thursday with the Dow Jones adding 0.9 per cent, the S&P 500 rising 0.8 per cent and the Nasdaq jumping one per cent. London's FTSE 250 Index soared 0.8 per cent, Germany's DAX was boosted 0.6 per cent and the STOXX Europe 600 finished up 0.1 per cent. New Zealand's NZX 50 Index is up 0.5 per cent on Friday while Japan's Nikkei 225 has added 1.2 per cent.
