AI could kill WFH and send unemployment to 20pc. Are you really ready?
Vicki Brady thought she understood artificial intelligence. Three weeks ago, she realised she was wrong.
The Telstra chief executive was one of several top Australian business leaders who travelled to the US in mid-May to attend Microsoft's annual CEO summit in the tech giant's hometown of Seattle.
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West Australian
an hour ago
- West Australian
'Unjustified': PM-Trump talks push after tariff hike
Pressure is again mounting for Prime Minister Anthony Albanese to personally meet with Donald Trump amid fresh alarm over the US president's "unjustified" tariff hike on steel imports. Mr Trump on Saturday announced plans to increase tariffs on foreign imports of steel from 25 to 50 per cent to "further secure the steel industry in the United States". The latest decision could impact Australia's industry, which exported more than $414 million worth of iron and steel to the US in 2024. Trade Minister Don Farrell says the tariffs are unjustified and not the act of a friend. "They are an act of economic self-harm that will only hurt consumers and businesses who rely on free and fair trade," Mr Farrell said on Saturday. "We will continue to engage and advocate strongly for the removal of the tariffs." Opposition trade spokesman Kevin Hogan said the latest move was concerning for Australian jobs and the coalition expected the US to honour its obligations under both nations' free trade agreement. "The Albanese government needs to double its efforts to protect our steel industry and local jobs for our steel workers," he said in a statement. "This is why it is imperative that the Australian prime minister personally meets with President Trump ... to develop a personal rapport with the United States president and protect Australian industries." The US imported 289 product categories in 2024, costing $US147 billion ($A229 billion), with nearly two-thirds of those aluminium and one-third steel, according to Census Bureau data from the US International Trade Commission. The 25 per cent tariffs on steel and aluminium were among the earliest implemented following Mr Trump's return to the White House in January and came into effect in March. Australia will continue to push for Mr Trump to drop his tariffs after a US federal court blocked his Liberation Day taxes on imported goods from going into effect. Goods from Australia are subject to a 10 per cent baseline tariff, while all steel and aluminium imports to the US face 25 per cent tariffs before Mr Trump's latest announcement. The New York-based Court of International Trade found the US president had overstepped his authority by imposing the tariffs. The administration launched an appeal, decrying "unelected judges" should not decide how to address a "national emergency". Labor has sought to temper expectations on whether it can land a deal with the US to remove the tariffs.
Perth Now
an hour ago
- Perth Now
'Unjustified': PM-Trump talks push after tariff hike
Pressure is again mounting for Prime Minister Anthony Albanese to personally meet with Donald Trump amid fresh alarm over the US president's "unjustified" tariff hike on steel imports. Mr Trump on Saturday announced plans to increase tariffs on foreign imports of steel from 25 to 50 per cent to "further secure the steel industry in the United States". The latest decision could impact Australia's industry, which exported more than $414 million worth of iron and steel to the US in 2024. Trade Minister Don Farrell says the tariffs are unjustified and not the act of a friend. "They are an act of economic self-harm that will only hurt consumers and businesses who rely on free and fair trade," Mr Farrell said on Saturday. "We will continue to engage and advocate strongly for the removal of the tariffs." Opposition trade spokesman Kevin Hogan said the latest move was concerning for Australian jobs and the coalition expected the US to honour its obligations under both nations' free trade agreement. "The Albanese government needs to double its efforts to protect our steel industry and local jobs for our steel workers," he said in a statement. "This is why it is imperative that the Australian prime minister personally meets with President Trump ... to develop a personal rapport with the United States president and protect Australian industries." The US imported 289 product categories in 2024, costing $US147 billion ($A229 billion), with nearly two-thirds of those aluminium and one-third steel, according to Census Bureau data from the US International Trade Commission. The 25 per cent tariffs on steel and aluminium were among the earliest implemented following Mr Trump's return to the White House in January and came into effect in March. Australia will continue to push for Mr Trump to drop his tariffs after a US federal court blocked his Liberation Day taxes on imported goods from going into effect. Goods from Australia are subject to a 10 per cent baseline tariff, while all steel and aluminium imports to the US face 25 per cent tariffs before Mr Trump's latest announcement. The New York-based Court of International Trade found the US president had overstepped his authority by imposing the tariffs. The administration launched an appeal, decrying "unelected judges" should not decide how to address a "national emergency". Labor has sought to temper expectations on whether it can land a deal with the US to remove the tariffs.
Sky News AU
an hour ago
- Sky News AU
Donald Trump doubles steel tariffs, Australian Trade Minister says move unjustified
Donald Trump has claimed the tariff rate on steel will double to 50 per cent, drawing the ire of the Australian government. The US President blurted out the latest development in his trade war at a steel mill rally in Pennsylvania, on Saturday morning Australian time. Australian Trade Minister Don Farrell said the latest tariff hike was unjustified. 'Australia's position has been consistent and clear. These tariffs are unjustified and not the act of a friend,' he said in a statement. 'They are an act of economic self harm that will only hurt consumers and businesses who rely on free and fair trade. 'We will continue to engage and advocate strongly for the removal of the tariffs.' US government data shows the price of steel products into the US have increased by 16 per cent since Trump's second term began. Australian car parts, steel and aluminium are currently being slapped with a 25 per cent levy, as per Trump's sweeping protectionist policies. The Pennsylvania rally on Friday was near a factory owned by US Steel, and the President said Japanese steel giant Nippon had invested in the American firm. 'We're here today to celebrate a blockbuster agreement that will ensure this storeyed American company stays an American company,' the President said. 'You're going to stay an American company, you know that, right?' 'If you don't have steel, you don't have a country. You don't have a country, you can't make a military. What are we going to do? Say, 'Let's go to China to get our steel from the army tanks',' Trump said. The Trump administration initially promised to block Nippon's bid to buy US Steel. Details of the 'blockbuster agreement' have not been released. Nippon confirmed in a statement a proposed 'partnership' had been agreed to. Originally published as 'Unjustified': Donald Trump claims steel tariff will double, as Australia lashes surprise move
