Trump family unveils gold ‘Made in America' phone, mobile service
Eric Trump, the president's son running The Trump Organisation in his absence, announced a new venture called Trump Mobile. The plan is to sell phones that will be built in the US, and the phone service will maintain a call centre in the country as well.
The announcement of the new mobile phone and service, called T1 Mobile, follows several real estate deals for towers and resorts in the Middle East, including a golf development in Qatar announced in April. A $US1.5 billion ($2.3 billion) partnership to build golf courses, hotels and real estate projects in Vietnam was approved last month, though the deal was in the works before Trump was elected.
Even oversight of such a company, with the Trump name attached, raises ethical concerns.
Trump has already used the federal government to reward his allies and punish his enemies. The Federal Communications Commission, the primary regulatory body overseeing mobile phone companies, has already launched investigations of media outlets Trump dislikes and, in some cases, is personally suing.
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Eric Trump said Monday that consumers deserve a phone that aligns with their values.
'Hard-working Americans deserve a wireless service that's affordable, reflects their values, and delivers reliable quality they can count on,' he said in a statement.
The company would also enter a highly competitive market that includes companies that have been directly attacked by Donald Trump.
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20 minutes ago
- The Advertiser
If the dead could see the world as it is today
This is a sample of The Echidna newsletter sent out each weekday morning. To sign up for FREE, go to I wonder what they'd make of the world were they still around to see it. My mother, the political scientist, saw World War II through the eyes of a child, only to shiver through the chill of the Cold War as an adult. Her brother, the journalist, who on his deathbed a quarter of a century ago lamented the creeping aggression in the society he was soon to leave. The world they left was very different to the one that confounds us today. He died the year before Al Qaeda flew the hijacked aircraft into the World Trade Centre and the Pentagon; she almost a year to the day after the US launched its disastrous invasion of Iraq. Both missed the advent of social media and its toxic effect on public discourse. And they were spared the relentless 24-hour news cycle, which was only in its infancy. There were no influencers then and reality TV, with its manufactured "celebrities", was only just taking off - not that either would have bothered watching any of it. And they would have scoffed at any suggestion Donald Trump could step from the pages of trashy gossip magazines into the corridors of power. Indeed, I doubt they'd have known who he was. My mother had watched with keen interest the collapse of the Soviet Union. But Vladimir Putin was a relative newcomer when she died, first elected in 2000, then re-elected in 2004. She'd have had no inkling that he'd manoeuvre himself into unassailable power and embark on a program of territorial expansion. I imagine she'd have been horrified by the serial defenestration, poisoning and imprisonment of his political rivals. A celebrated motoring writer, my uncle had an abiding love of European - especially Italian - cars. I often wonder how he'd feel about the vehicles that infest our modern roads. Surely, the bloated utes and American pick-up trucks would have him rolling in his grave. Would he be horrified by the profusion of digital touch screens and dashboards? I doubt he'd warm to driving an iPad. Nor can I see him coping with the aggression on our roads, which seems to have become worse since he died. Maybe that's because of the ubiquity of the smartphone with its camera, as well as the dashcam - technology he didn't see - recording so many instances of road rage and reckless driving. I think of my mother and uncle frequently these days. Part of me wants to bring them back to life, to talk about the troubling state of the world, to help me make sense of it. But then I baulk. They should rest in peace and be spared the cruelty, vulgarity and idiocy to which we have to bear witness in this first quarter of the 21st century. HAVE YOUR SAY: What would your departed relatives make of the modern world? Has life improved since they were alive? Or has it become harder to make sense of? Email us: echidna@ SHARE THE LOVE: If you enjoy The Echidna, forward it to a friend so they can sign up, too. IN CASE YOU MISSED IT: - Australia's second-largest internet company, TPG Telecom, says it has been hit by a cyberattack, affecting 280,000 customers. - The Coalition appears likely to support any government decision to send Australian peacekeepers to Ukraine if security talks between US and European leaders bring peace to the war-torn nation. - Prime Minister Anthony Albanese has promised the government's economic roundtable will deliver long-lasting change through consensus, as he opened the three-day summit in Canberra. THEY SAID IT: "People are trapped in history and history is trapped in them." - James Baldwin YOU SAID IT: An ugly word has crept into our language, thanks to the pathologically transactional Donald Trump. Wherever possible, we should ditch the word "deal". "I'm so very tired of hearing of Trump's deals and no deals, and of the winners and losers," writes Deb. "How very sad that he is a role model to a generation of boys and young men. I'm so glad I'm of the age that I'm on my way out, rather than on the way in, I'm ashamed of the world that we're leaving to our young ones." Fiona writes: "The D word has begun to make my skin crawl and blood pressure rise. It's a word for reality TV, not important political and economic negotiations. Using it is playing into Trump's hands and his vision of what official international and domestic relationships should be. The only art to this 'deal' is artifice." "I liked your analogy of comparing some of Trump's ramblings to an old bloke in a bar mumbling his thoughts into a beer, but sadly, we have been adopting Americanisms for many years," writes Stuart. "My current personal hate is the use of the really nice English word 'schedule', but everybody - including news readers, for crying out loud - seems to be using the horrible and grating American pronunciation 'skedule'! I'm sure my English teacher shudders and turns in her grave." James from Bathurst writes: "Thank you for fleshing out the reasons why the word 'deal' is at best inadequate and at worst dangerous. Basically, it lacks respect for the gravity of what is being discussed - the consequences of which people like Mr Trump will never have to face personally or in their own lives." "Thank you for bringing this up, as I have been irritated by the 'D word' for quite a while," writes Patricia. "People are being killed and maimed in Gaza and Ukraine and enduring immense suffering. Having an arrogant old man ignoring all of this and just boasting about his 'deal-making' abilities is truly sickening. He hasn't managed to achieve anything anyway." This is a sample of The Echidna newsletter sent out each weekday morning. To sign up for FREE, go to I wonder what they'd make of the world were they still around to see it. My mother, the political scientist, saw World War II through the eyes of a child, only to shiver through the chill of the Cold War as an adult. Her brother, the journalist, who on his deathbed a quarter of a century ago lamented the creeping aggression in the society he was soon to leave. The world they left was very different to the one that confounds us today. He died the year before Al Qaeda flew the hijacked aircraft into the World Trade Centre and the Pentagon; she almost a year to the day after the US launched its disastrous invasion of Iraq. Both missed the advent of social media and its toxic effect on public discourse. And they were spared the relentless 24-hour news cycle, which was only in its infancy. There were no influencers then and reality TV, with its manufactured "celebrities", was only just taking off - not that either would have bothered watching any of it. And they would have scoffed at any suggestion Donald Trump could step from the pages of trashy gossip magazines into the corridors of power. Indeed, I doubt they'd have known who he was. My mother had watched with keen interest the collapse of the Soviet Union. But Vladimir Putin was a relative newcomer when she died, first elected in 2000, then re-elected in 2004. She'd have had no inkling that he'd manoeuvre himself into unassailable power and embark on a program of territorial expansion. I imagine she'd have been horrified by the serial defenestration, poisoning and imprisonment of his political rivals. A celebrated motoring writer, my uncle had an abiding love of European - especially Italian - cars. I often wonder how he'd feel about the vehicles that infest our modern roads. Surely, the bloated utes and American pick-up trucks would have him rolling in his grave. Would he be horrified by the profusion of digital touch screens and dashboards? I doubt he'd warm to driving an iPad. Nor can I see him coping with the aggression on our roads, which seems to have become worse since he died. Maybe that's because of the ubiquity of the smartphone with its camera, as well as the dashcam - technology he didn't see - recording so many instances of road rage and reckless driving. I think of my mother and uncle frequently these days. Part of me wants to bring them back to life, to talk about the troubling state of the world, to help me make sense of it. But then I baulk. They should rest in peace and be spared the cruelty, vulgarity and idiocy to which we have to bear witness in this first quarter of the 21st century. HAVE YOUR SAY: What would your departed relatives make of the modern world? Has life improved since they were alive? Or has it become harder to make sense of? Email us: echidna@ SHARE THE LOVE: If you enjoy The Echidna, forward it to a friend so they can sign up, too. IN CASE YOU MISSED IT: - Australia's second-largest internet company, TPG Telecom, says it has been hit by a cyberattack, affecting 280,000 customers. - The Coalition appears likely to support any government decision to send Australian peacekeepers to Ukraine if security talks between US and European leaders bring peace to the war-torn nation. - Prime Minister Anthony Albanese has promised the government's economic roundtable will deliver long-lasting change through consensus, as he opened the three-day summit in Canberra. THEY SAID IT: "People are trapped in history and history is trapped in them." - James Baldwin YOU SAID IT: An ugly word has crept into our language, thanks to the pathologically transactional Donald Trump. Wherever possible, we should ditch the word "deal". "I'm so very tired of hearing of Trump's deals and no deals, and of the winners and losers," writes Deb. "How very sad that he is a role model to a generation of boys and young men. I'm so glad I'm of the age that I'm on my way out, rather than on the way in, I'm ashamed of the world that we're leaving to our young ones." Fiona writes: "The D word has begun to make my skin crawl and blood pressure rise. It's a word for reality TV, not important political and economic negotiations. Using it is playing into Trump's hands and his vision of what official international and domestic relationships should be. The only art to this 'deal' is artifice." "I liked your analogy of comparing some of Trump's ramblings to an old bloke in a bar mumbling his thoughts into a beer, but sadly, we have been adopting Americanisms for many years," writes Stuart. "My current personal hate is the use of the really nice English word 'schedule', but everybody - including news readers, for crying out loud - seems to be using the horrible and grating American pronunciation 'skedule'! I'm sure my English teacher shudders and turns in her grave." James from Bathurst writes: "Thank you for fleshing out the reasons why the word 'deal' is at best inadequate and at worst dangerous. Basically, it lacks respect for the gravity of what is being discussed - the consequences of which people like Mr Trump will never have to face personally or in their own lives." "Thank you for bringing this up, as I have been irritated by the 'D word' for quite a while," writes Patricia. "People are being killed and maimed in Gaza and Ukraine and enduring immense suffering. Having an arrogant old man ignoring all of this and just boasting about his 'deal-making' abilities is truly sickening. He hasn't managed to achieve anything anyway." This is a sample of The Echidna newsletter sent out each weekday morning. To sign up for FREE, go to I wonder what they'd make of the world were they still around to see it. My mother, the political scientist, saw World War II through the eyes of a child, only to shiver through the chill of the Cold War as an adult. Her brother, the journalist, who on his deathbed a quarter of a century ago lamented the creeping aggression in the society he was soon to leave. The world they left was very different to the one that confounds us today. He died the year before Al Qaeda flew the hijacked aircraft into the World Trade Centre and the Pentagon; she almost a year to the day after the US launched its disastrous invasion of Iraq. Both missed the advent of social media and its toxic effect on public discourse. And they were spared the relentless 24-hour news cycle, which was only in its infancy. There were no influencers then and reality TV, with its manufactured "celebrities", was only just taking off - not that either would have bothered watching any of it. And they would have scoffed at any suggestion Donald Trump could step from the pages of trashy gossip magazines into the corridors of power. Indeed, I doubt they'd have known who he was. My mother had watched with keen interest the collapse of the Soviet Union. But Vladimir Putin was a relative newcomer when she died, first elected in 2000, then re-elected in 2004. She'd have had no inkling that he'd manoeuvre himself into unassailable power and embark on a program of territorial expansion. I imagine she'd have been horrified by the serial defenestration, poisoning and imprisonment of his political rivals. A celebrated motoring writer, my uncle had an abiding love of European - especially Italian - cars. I often wonder how he'd feel about the vehicles that infest our modern roads. Surely, the bloated utes and American pick-up trucks would have him rolling in his grave. Would he be horrified by the profusion of digital touch screens and dashboards? I doubt he'd warm to driving an iPad. Nor can I see him coping with the aggression on our roads, which seems to have become worse since he died. Maybe that's because of the ubiquity of the smartphone with its camera, as well as the dashcam - technology he didn't see - recording so many instances of road rage and reckless driving. I think of my mother and uncle frequently these days. Part of me wants to bring them back to life, to talk about the troubling state of the world, to help me make sense of it. But then I baulk. They should rest in peace and be spared the cruelty, vulgarity and idiocy to which we have to bear witness in this first quarter of the 21st century. HAVE YOUR SAY: What would your departed relatives make of the modern world? Has life improved since they were alive? Or has it become harder to make sense of? Email us: echidna@ SHARE THE LOVE: If you enjoy The Echidna, forward it to a friend so they can sign up, too. IN CASE YOU MISSED IT: - Australia's second-largest internet company, TPG Telecom, says it has been hit by a cyberattack, affecting 280,000 customers. - The Coalition appears likely to support any government decision to send Australian peacekeepers to Ukraine if security talks between US and European leaders bring peace to the war-torn nation. - Prime Minister Anthony Albanese has promised the government's economic roundtable will deliver long-lasting change through consensus, as he opened the three-day summit in Canberra. THEY SAID IT: "People are trapped in history and history is trapped in them." - James Baldwin YOU SAID IT: An ugly word has crept into our language, thanks to the pathologically transactional Donald Trump. Wherever possible, we should ditch the word "deal". "I'm so very tired of hearing of Trump's deals and no deals, and of the winners and losers," writes Deb. "How very sad that he is a role model to a generation of boys and young men. I'm so glad I'm of the age that I'm on my way out, rather than on the way in, I'm ashamed of the world that we're leaving to our young ones." Fiona writes: "The D word has begun to make my skin crawl and blood pressure rise. It's a word for reality TV, not important political and economic negotiations. Using it is playing into Trump's hands and his vision of what official international and domestic relationships should be. The only art to this 'deal' is artifice." "I liked your analogy of comparing some of Trump's ramblings to an old bloke in a bar mumbling his thoughts into a beer, but sadly, we have been adopting Americanisms for many years," writes Stuart. "My current personal hate is the use of the really nice English word 'schedule', but everybody - including news readers, for crying out loud - seems to be using the horrible and grating American pronunciation 'skedule'! I'm sure my English teacher shudders and turns in her grave." James from Bathurst writes: "Thank you for fleshing out the reasons why the word 'deal' is at best inadequate and at worst dangerous. Basically, it lacks respect for the gravity of what is being discussed - the consequences of which people like Mr Trump will never have to face personally or in their own lives." "Thank you for bringing this up, as I have been irritated by the 'D word' for quite a while," writes Patricia. "People are being killed and maimed in Gaza and Ukraine and enduring immense suffering. Having an arrogant old man ignoring all of this and just boasting about his 'deal-making' abilities is truly sickening. He hasn't managed to achieve anything anyway." This is a sample of The Echidna newsletter sent out each weekday morning. To sign up for FREE, go to I wonder what they'd make of the world were they still around to see it. My mother, the political scientist, saw World War II through the eyes of a child, only to shiver through the chill of the Cold War as an adult. Her brother, the journalist, who on his deathbed a quarter of a century ago lamented the creeping aggression in the society he was soon to leave. The world they left was very different to the one that confounds us today. He died the year before Al Qaeda flew the hijacked aircraft into the World Trade Centre and the Pentagon; she almost a year to the day after the US launched its disastrous invasion of Iraq. Both missed the advent of social media and its toxic effect on public discourse. And they were spared the relentless 24-hour news cycle, which was only in its infancy. There were no influencers then and reality TV, with its manufactured "celebrities", was only just taking off - not that either would have bothered watching any of it. And they would have scoffed at any suggestion Donald Trump could step from the pages of trashy gossip magazines into the corridors of power. Indeed, I doubt they'd have known who he was. My mother had watched with keen interest the collapse of the Soviet Union. But Vladimir Putin was a relative newcomer when she died, first elected in 2000, then re-elected in 2004. She'd have had no inkling that he'd manoeuvre himself into unassailable power and embark on a program of territorial expansion. I imagine she'd have been horrified by the serial defenestration, poisoning and imprisonment of his political rivals. A celebrated motoring writer, my uncle had an abiding love of European - especially Italian - cars. I often wonder how he'd feel about the vehicles that infest our modern roads. Surely, the bloated utes and American pick-up trucks would have him rolling in his grave. Would he be horrified by the profusion of digital touch screens and dashboards? I doubt he'd warm to driving an iPad. Nor can I see him coping with the aggression on our roads, which seems to have become worse since he died. Maybe that's because of the ubiquity of the smartphone with its camera, as well as the dashcam - technology he didn't see - recording so many instances of road rage and reckless driving. I think of my mother and uncle frequently these days. Part of me wants to bring them back to life, to talk about the troubling state of the world, to help me make sense of it. But then I baulk. They should rest in peace and be spared the cruelty, vulgarity and idiocy to which we have to bear witness in this first quarter of the 21st century. HAVE YOUR SAY: What would your departed relatives make of the modern world? Has life improved since they were alive? Or has it become harder to make sense of? Email us: echidna@ SHARE THE LOVE: If you enjoy The Echidna, forward it to a friend so they can sign up, too. IN CASE YOU MISSED IT: - Australia's second-largest internet company, TPG Telecom, says it has been hit by a cyberattack, affecting 280,000 customers. - The Coalition appears likely to support any government decision to send Australian peacekeepers to Ukraine if security talks between US and European leaders bring peace to the war-torn nation. - Prime Minister Anthony Albanese has promised the government's economic roundtable will deliver long-lasting change through consensus, as he opened the three-day summit in Canberra. THEY SAID IT: "People are trapped in history and history is trapped in them." - James Baldwin YOU SAID IT: An ugly word has crept into our language, thanks to the pathologically transactional Donald Trump. Wherever possible, we should ditch the word "deal". "I'm so very tired of hearing of Trump's deals and no deals, and of the winners and losers," writes Deb. "How very sad that he is a role model to a generation of boys and young men. I'm so glad I'm of the age that I'm on my way out, rather than on the way in, I'm ashamed of the world that we're leaving to our young ones." Fiona writes: "The D word has begun to make my skin crawl and blood pressure rise. It's a word for reality TV, not important political and economic negotiations. Using it is playing into Trump's hands and his vision of what official international and domestic relationships should be. The only art to this 'deal' is artifice." "I liked your analogy of comparing some of Trump's ramblings to an old bloke in a bar mumbling his thoughts into a beer, but sadly, we have been adopting Americanisms for many years," writes Stuart. "My current personal hate is the use of the really nice English word 'schedule', but everybody - including news readers, for crying out loud - seems to be using the horrible and grating American pronunciation 'skedule'! I'm sure my English teacher shudders and turns in her grave." James from Bathurst writes: "Thank you for fleshing out the reasons why the word 'deal' is at best inadequate and at worst dangerous. Basically, it lacks respect for the gravity of what is being discussed - the consequences of which people like Mr Trump will never have to face personally or in their own lives." "Thank you for bringing this up, as I have been irritated by the 'D word' for quite a while," writes Patricia. "People are being killed and maimed in Gaza and Ukraine and enduring immense suffering. Having an arrogant old man ignoring all of this and just boasting about his 'deal-making' abilities is truly sickening. He hasn't managed to achieve anything anyway."
News.com.au
an hour ago
- News.com.au
US deploys warships and 4000 Marines to fight drug cartels
The US is reportedly deploying three missile destroyers and thousands of Marines to waters off Venezuela as President Donald Trump continues his crackdown on drug cartels. Aegis guided-missile destroyers USS Gravely, USS Jason Dunham and USS Sampson will soon be moved to the area, unnamed sources briefed on the matter told Reuters and NBC. About 4000 Marines and soldiers, several P-8 spy planes, warships and at least one attack submarine would also be deployed as part of the operation, the source told Reuters. The move comes as the Trump administration is ramping up its efforts to stop the flow of fentanyl and other illicit drugs into the country. In February, it designated Venezuelan criminal group Tren de Aragua and other Latin American gangs as 'foreign terrorist organisations'. US Secretary of State Marco Rubio said the administration could use the designations to target cartels earlier this month. 'It allows us to now target what they're operating and to use other elements of American power, intelligence agencies, the Department of Defense, whatever … to target these groups if we have an opportunity to do it,' he said. 'We have to start treating them as armed terrorist organisations, not simply drug dealing organisations. When asked about the deployment of the three warships and the possibility of boots on the ground on Tuesday, White House press secretary Karoline Leavitt said Mr Trump is prepared to use the full extent of US power to combat the flow of illicit drugs into the nation. 'With respect to Venezuela, President Trump has been very clear and consistent — he's prepared to use every element of American power to stop drugs from flooding into our country and to bring those responsible to justice,' she said. Ms Leavitt said the regime of Venezuelan President Nicolas Maduro is 'not the legitimate government of Venezuela' but rather a 'narco-terror cartel'. 'Maduro, it is the view of this administration, is not a legitimate president. He is a fugitive head of this cartel who has been indicted in the United States.' Mr Maduro, whose past two election victories have not been recognised by the US, was indicted in a US federal court in 2020 on charges of narco-terrorism and conspiracy to import cocaine. Mr Maduro faces up to life in prison if he can be tried and is convicted. At the time of the indictment, he slammed what he called 'spurious, false' accusations. US offers $50m for information leading to Maduro's arrest Ms Leavitt earlier this month announced the US is doubling its reward for information leading to the arrest of Mr Maduro to $50 million and vowed he will be 'held accountable for his despicable crimes'. The Justice Department has accused Mr Maduro of leading a cocaine trafficking gang called 'The Cartel of the Suns' which shipped hundreds of tons of narcotics into the US over two decades, earning hundreds of millions of dollars. Investigators say the cartel worked hand-in-hand with the rebel Revolutionary Armed Forces of Colombia (FARC), which the US has labelled a terrorist organisation. The Trump administration announced sanctions against the group and Mr Maduro's administration last month. 'To date, the DEA (US Drug Enforcement Administration) has seized 30 tons of cocaine linked to Maduro and his associates, with nearly seven tons linked to Maduro himself.' She added the US government has seized more than $700 million in Maduro-linked assets, including two Venezuelan government aircraft since September last year. Yet Maduro's Reign of Terror continues,' she said. 'Under President Trump's leadership, Maduro will not escape justice and he will be held accountable for his despicable crimes.' Maduro mobilising millions of militia after US 'threats' Mr Maduro said this week he would deploy 4.5 million militia members in response to US 'threats,' after Washington raised the bounty for his arrest and launched anti-drug operations in the Caribbean. In an address on state media on Monday, Mr Maduro said he would this week 'activate a special plan with more than 4.5 million militiamen to ensure coverage of the entire national territory – militias that are prepared, activated and armed'. Mr Maduro lambasted 'the renewal of extravagant, bizarre, and outlandish threats' from the US. Although he did not mention the recent US actions specifically, Mr Maduro thanked those who expressed their support in the face of what he called 'rotten refrain' of threats and called on his government's political base to move forward with the formation of peasant and worker militias 'in all industries.' 'Rifles and missiles for the peasant force! To defend the territory, sovereignty, and peace of Venezuela,' he declared. Official figures say the Venezuelan militia, founded by Mr Maduro's predecessor Hugo Chavez, contains about 5 million people, however, the actual number is believed to be smaller. Venezuela's total population is around 30 million.
News.com.au
an hour ago
- News.com.au
Breville manufacturing to shift away from China in Trump tariff manoeuvre
Australian coffee machine manufacturer Breville has confirmed it will move more of its production away from China to Mexico, Indonesia and other zones in a stark example of Donald Trump's power to reorganise world trade. The ASX-listed $5bn manufacturer confirmed the dramatic change in its latest results for the 2025 financial year, crediting the threat from the US President's new tariff regime for its decision to pursue and extend a 'manufacturing diversification program'. Mr Trump has slapped harsh new tariffs on goods imported into the US from China to correct what he sees as unfair trade practices. Breville CEO Jim Clayton told the market on Wednesday morning that manufacturing locations were emerging in Mexico and Southeast Asia to 'complement China'. The company manufactures kitchen appliances in China and its largest market is the US, leaving it vulnerable to tariff shocks. A tariff is a tax placed on imports and for manufacturers, it raises the price of their goods for their consumer base. Despite the move into Mexico and Indonesia, the company said in its guidance for the next financial year that it would remain exposed to tariff uncertainty and the taxes would likely hit the business. 'Diversification of manufacturing for 120-volt product is progressing well. However, the tariffs impacting these new locations are becoming clearer, but remain subject to change,' the company said. 'Based on the current fact set, the group will face a significant input cost increase in 2026 and 2027 for US-based sales. 'In the face of this challenge, we are actively pursuing cost mitigants including (free on-board) reductions, diversified sourcing locations, distribution channel adjustments and taking price where appropriate.' The US has also put hefty tariffs on Mexico and Indonesia of 25 per cent and 19 per cent respectively. Breville said it was 'too early to predict' how global trade would develop in the next 12 to 18 months, but there would 'undoubtedly' be higher input costs for US products coupled with 'potential second- and third-order effects globally'. The company said its diversification push would extend into 2026 and 2027. Breville reported healthy profits for 2025, which it credited to a 'tactical pull forward of US inventory' to avoid Mr Trump April tariff announcement. Revenues lifted 10.9 per cent to hit $1.7bn, while net profits after tax jumped 14.6 per cent to $135.9m. Earnings before interest, tax, depreciation and amortisation also lifted 10.8 per cent to $271.9m. Shareholders will receive a dividend of 37c per share for the year, the company said. Shares in the company tumbled 4.2 per cent in morning trade to $35.09 a share, wiping out some $217m from its market value. The business held $105.7m in cash as of June 30.
