Australia's trade survival depends on beating Trump's tariff contagion
The prime minister will not be too troubled by missing yesterday's meeting with Donald Trump at the G7 in Canada. He faced a Herculean task in securing tariff relief or any kind of meaningful guarantee on AUKUS as the Pentagon's review of the agreement begins.
In any case, Australian trade officials, alongside their Southeast Asian counterparts, are engaged on a mission of far greater urgency: to stop the Trump tariff contagion from spreading.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Sky News AU
23 minutes ago
- Sky News AU
‘Disappointing' Prime Minister Anthony Albanese was not able to meet with Trump
Former Australian ambassador to the US Arthur Sinodinos says it is 'important' for Prime Minister Anthony Albanese to ensure he meets with US President Donald Trump. Mr Sinodinos says it is 'disappointing" Prime Minister Albanese did not get to meet President Trump, but claims it is 'not a reflection on the overall strength of the relationship between Australia and the US'. 'It's important that the Prime Minister eyeballs the president and takes him through our arguments as to why, as a special partner of the United States … we deserve better treatments on tariffs, and for him to understand why AUKUS is important,' Mr Sinodinos told Sky News Australia.

Sky News AU
an hour ago
- Sky News AU
'Disturbing': Allan government accused of 'cutting' oversight of government spending under guise of modernisation
The Victorian government has been accused of cutting financial integrity measures despite state debt being forecast to hit $194 billion in just four years' time. The Allan government has proposed a series of reforms to 'modernise' Victoria's financial management regulations, but the state opposition has accused the government of reducing oversight of government spending. "There has never been a more important time to scrutinise the overspending of the Victorian Government in this state's history... (yet) under the guise of improving financial integrity, the Labor Government is cutting it,' shadow treasurer James Newbury told A key measure in the bill is the removal of the requirement for a 'warrant' to be issued before any taxpayer funds can be released from consolidated revenue and spent by government departments – a process that requires the sign off of the state's Governor and the Auditor-General. Justifying the move in parliament, Finance Minister Danny Pearson said the warrants requirement was an 'antiquated cash accounting system'. 'Warrants originated in the days when public servants would seek to take cash from the vaults below Old Treasury Building to fund the activities of departments… once it was taken, there was no practical way to track it,' he said. 'We now have modern banking and IT systems, and strong requirements to provide annual reports demonstrating how funds are spent, making warrants redundant in the 21st Century.' But shadow treasurer James Newbury said the removal of warrants was 'disturbing'. 'Since our Parliament was formed, the Victorian Governor formally signed off on Government spending," he said. 'Labor wants a blank cheque and is attempting to change the law, so that the Governor no longer has oversight of Labor's profligate spending. 'These changes are disturbing and the Opposition strongly opposes them.' Responding to the claims, a Victorian government spokesperson said the Opposition's concerns were 'complete rubbish'. "Warrants are an inefficient and ineffective practice developed nearly two hundred years ago. This will bring Victoria in line with other Australian jurisdictions,' the government spokesperson told

News.com.au
an hour ago
- News.com.au
US politics live: MAGA civil war erupts amid confusion over extent of Iran's nuclear program
Welcome back to our live coverage of politics in the United States. Tuesday is over on the other side of the Atlantic and most of America is asleep, but you can read on for a rundown of how the day went. If you're after more focused news on the events in the Middle East, follow this link. Today the White House issued a furious statement, calling a former CNN reporter a 'disgusting human being' over a remark he made about Donald Trump's deceased ex-wife Ivana. Jim Acosta joked about the fact that Ivana, who died in 2022, was buried on one of Mr Trump's golf courses. It came as he was making the point that Mr Trump's raids cracking down on undocumented immigrants do not appear to be affecting his own properties. 'Where are the ICE raids at the Trump properties?' Mr Acosta wondered. 'Could somebody call ICE on the Trump golf course in Virginia? You're telling me there's nobody in there that is undocumented or has some kind of squirreliness going on with their paperwork? Give me a break. 'How many immigrants has he married? He's got one buried at his golf course in New Jersey! Isn't she buried by the first hole, or the second tee, or something like that?' In a curt statement to Fox News, White House Press Secretary Karoline Leavitt said: 'Jim Acosta is a disgraceful human being.'