Asia Pushes Back on Trump's Defense Spending Demands
Good morning, it's Amy in Melbourne with all the news you need this Friday. The public spat between Elon Musk and US President Donald Trump is escalating fast, but first….
Today's must-reads:
• Push to increase military spending
• Turnbull discusses the Port of Darwin
• New podcast on golden visas
US President Donald Trump wants Indo-Pacific allies to bump up their military spending — but it's not that simple. Few economies in Asia see his target of 5% of gross domestic product as economically or politically viable. On top of that, bond markets are already nervous about growing budget shortfalls.
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