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Time of India
14-05-2025
- Business
- Time of India
WSJ comes down heavily on Donald Trump again; says the President surrendered to China in trade war
The Wall Street Journal wasn't shy this week when it ripped into US president Donald Trump's recent reversal of tariffs on Chinese imports, calling the move less a victory than a "major retreat", as per a report. WSJ Says Donald Trump's China Tariff Deal Looks More Like a Surrender In an editorial entitled "The Great Trump Tariff Rollback," the Journal's editorial board presented the deal as far from the "historic trade win" the White House touted it to be, according to DailyBeast. 'Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump's Liberation Day tariffs—and by Mr. Trump's own hand,' the board said in their criticism of the administration's action in reducing the tariffs on Chinese products from a record-high 145% to 30%, as per the report. China subsequently lowered its own levies from 125% to 10%. While the stock market applauded the news, rallying on Monday, the Journal wasn't so optimistic. 'The China deal is more surrender than Trump victory,' the editorial opined bluntly, as per DailyBeast. It also noted that 'Apart from the tariff rollback, neither side announced any broader concessions on the substantive trade issues that weigh on the U.S.-China relationship," quoted DailyBeast. The editorial also mentioned that, 'One tragedy of Mr. Trump's shoot-America-in-the-foot-first approach is that he's hurt his chances of rallying a united front of countries against Beijing's mercantilism,' adding that, 'By targeting allies with tariffs, Mr. Trump has eroded trust in America's economic and political reliability,' as quoted in the report. Live Events Feud Between Trump and the Wall Street Journal Heats Up Again This latest confrontation comes after Trump's long-standing feud with the Murdoch-owned newspaper. Trump lashed out at a Wall Street Journal reporter just last week, calling the newspaper "China-oriented" and adding that it had "gone to hell," reported DailyBeast. Later,the Trump administration said that Trump 'nuked' The Journal at the time, as per the report. FAQs Why is the Wall Street Journal criticizing Trump now? They believe rolling back tariffs looks like a surrender, not a win, and undermines Trump's own trade policy. What exactly did Trump do with tariffs? He cut US tariffs on Chinese imports from 145% to 30%. China lowered its own from 125% to 10%.
The Age
11-05-2025
- Politics
- The Age
If the Coalition sticks with nuclear, the fallout will be toxic
Much of the post-election commentary has rightly focused on how the Coalition's nuclear energy proposal was bad – very bad. It was one of the reasons Peter Dutton lost his seat and for net swings against the Coalition in areas such as Gippsland and the Hunter. Unpopular among women voters, who the Coalition continue to struggle to appeal to, and unpopular among undecided voters. More importantly, nuclear undermined Peter Dutton's credibility. After the Voice, the only real policy most voters associated with the opposition leader was nuclear. Once his ill-fated campaign began with a backflip on public servants working from home, the swath of undecided voters got spooked. No one wants someone who seems highly disorganised to build a nuclear reactor. If you scrutinise the research numbers, the lack of public support for nuclear was clear; more importantly, support for renewables didn't dip in the face of the pro-nuclear push. Pursuing nuclear made the Coalition look like it was out of sync with what people really wanted. If it continues to pursue this as a policy, it will be seen as defying the will of the people. Over the years of Labor's first term, despite a cost-of-living crisis and well-funded campaigns against renewables online and in traditional media, research showed steady support for solar, wind and batteries. Even the election of Donald 'drill-baby-drill' Trump didn't undermine support. The online misinformation and disinformation campaigns against renewables certainly ramped up after Albanese was first elected, supported by attacks from Sky News and the Murdoch-owned press. Loading The Coalition playbook was simple: cast enough disinformation and misinformation across channels to create doubt and antagonism against renewables. It fully believed it could win seats off the back of voter dislike of offshore wind in particular, especially in areas such as the Illawarra. It was in for a surprise. The outcome of this election shows us a truth the Coalition must accept: amid a cost-of-living crisis, Australians back renewables. In fact, the overall swing towards Labor in seats where anti-offshore wind campaigns were rife was greater than the overall statewide swing. Except for Monash in Victoria, anti-offshore campaigns backfired on the Coalition.
Sydney Morning Herald
10-05-2025
- Politics
- Sydney Morning Herald
If the Coalition sticks with nuclear, the fallout will be toxic
Much of the post-election commentary has rightly focused on how the Coalition's nuclear energy proposal was bad – very bad. It was one of the reasons Peter Dutton lost his seat and for net swings against the Coalition in areas such as Gippsland and the Hunter. Unpopular among women voters, who the Coalition continue to struggle to appeal to, and unpopular among undecided voters. More importantly, nuclear undermined Peter Dutton's credibility. After the Voice, the only real policy most voters associated with the opposition leader was nuclear. Once his ill-fated campaign began with a backflip on public servants working from home, the swathe of undecided voters got spooked. No one wants someone who seems highly disorganised to build a nuclear reactor. If you scrutinise the research numbers, the lack of public support for nuclear was clear; more importantly, support for renewables didn't dip in the face of the pro-nuclear push. Pursuing nuclear made the Coalition look like it was out of sync with what people really wanted. If it continues to pursue this as a policy, it will be seen as defying the will of the people. Over the years of Labor's first term, despite a cost-of-living crisis and well-funded campaigns against renewables online and in traditional media, research showed steady support for solar, wind and batteries. Even the election of Donald 'drill-baby-drill' Trump didn't undermine support. The online misinformation and disinformation campaigns against renewables certainly ramped up after Albanese was first elected, supported by attacks from Sky News and the Murdoch-owned press. Loading The Coalition playbook was simple: cast enough disinformation and misinformation across channels to create doubt and antagonism against renewables. It fully believed it could win seats off the back of voter dislike of offshore wind in particular, especially in areas such as the Illawarra. It was in for a surprise. The outcome of this election shows us a truth the Coalition must accept: amid a cost-of-living crisis, Australians back renewables. In fact, the overall swing towards Labor in seats where anti-offshore wind campaigns were rife was greater than the overall statewide swing. Except for Monash in Victoria, anti-offshore campaigns backfired on the Coalition.
Sydney Morning Herald
08-05-2025
- Business
- Sydney Morning Herald
For now, the Bears will still be ‘North Sydney' for these fans
Is Sayers sad the team is leaving NSW? 'No, not really' he says. 'It's been accepted for a long time that the club was looking to move elsewhere.' Bears fans are a stoic bunch. But Dave Kerslake is almost mystical when he describes the moment he calls 'the biggest thing to happen in sport worldwide'. 'We've been out of this competition for 26 years, and we have risen again like Lazarus,' he says. That 26-year struggle comes after the Bears fell foul of an agreement with Rupert Murdoch's Super League to reduce the number of NRL teams to 14 (there's a cheer when the stream for the press conference is switched to Channel Nine from the former Murdoch-owned Fox Sports). That history also includes a brief partnership with former rivals Manly as the Northern Eagles (a boo echoes through the room when this is mentioned by a TV announcer) and long-term attempts to move the club to Gosford as the Central Coast Bears. Talks to take the franchise to WA were revealed in 2018. Bears chief executive Gareth Holmes, who was appointed in 2021, has been instrumental behind the scenes. 'We've made sure everyone knew that the Bears were still here,' he says. Holmes confirmed the North Sydney club, which has served as a feeder for no fewer than four NRL teams – most recently Melbourne Storm – will continue to play in the NSW Cup, and help recruit for the WA team. Scott Cable and Ben Pickering, both 35, were nine years old when the Bears last played in the NRL. They don't have strong memories of that time, but never thought about abandoning the team as it dropped to rugby league's second tier, even if others strayed. 'There's been other supporters that follow other teams, but I'm pretty sure they'll jump back on board with the Bears.' V'landys has said there are 200,000 hibernating Bears fans in NSW, and the WA government has banked on the club's ability to appeal to new fans. Bears chairman Daniel Dickson has said the club had several 'non-negotiables' when it came to taking the franchise to another city: two to four games at North Sydney Oval, and no changes to the name and logo, although it's not clear exactly what that will mean. Loading Pickering admits to being 'very nervous' about the logo, which has already had 'North Sydney' removed in a bid to make the club a more attractive prospective franchise. 'But at the end of the day we've still got a team,' he says. For now, until fans get used to calling them just 'the Bears', or 'Perth', the club will still be 'North Sydney'. Even Florimo can't avoid the slippage, as he praises the sponsors and supporters 'that have helped us through, that have seen the light at the end of the tunnel'. 'That's North Sydney blood.'
The Age
08-05-2025
- Business
- The Age
For now, the Bears will still be ‘North Sydney' for these fans
Is Sayers sad the team is leaving NSW? 'No, not really' he says. 'It's been accepted for a long time that the club was looking to move elsewhere.' Bears fans are a stoic bunch. But Dave Kerslake is almost mystical when he describes the moment he calls 'the biggest thing to happen in sport worldwide'. 'We've been out of this competition for 26 years, and we have risen again like Lazarus,' he says. That 26-year struggle comes after the Bears fell foul of an agreement with Rupert Murdoch's Super League to reduce the number of NRL teams to 14 (there's a cheer when the stream for the press conference is switched to Channel Nine from the former Murdoch-owned Fox Sports). That history also includes a brief partnership with former rivals Manly as the Northern Eagles (a boo echoes through the room when this is mentioned by a TV announcer) and long-term attempts to move the club to Gosford as the Central Coast Bears. Talks to take the franchise to WA were revealed in 2018. Bears chief executive Gareth Holmes, who was appointed in 2021, has been instrumental behind the scenes. 'We've made sure everyone knew that the Bears were still here,' he says. Holmes confirmed the North Sydney club, which has served as a feeder for no fewer than four NRL teams – most recently Melbourne Storm – will continue to play in the NSW Cup, and help recruit for the WA team. Scott Cable and Ben Pickering, both 35, were nine years old when the Bears last played in the NRL. They don't have strong memories of that time, but never thought about abandoning the team as it dropped to rugby league's second tier, even if others strayed. 'There's been other supporters that follow other teams, but I'm pretty sure they'll jump back on board with the Bears.' V'landys has said there are 200,000 hibernating Bears fans in NSW, and the WA government has banked on the club's ability to appeal to new fans. Bears chairman Daniel Dickson has said the club had several 'non-negotiables' when it came to taking the franchise to another city: two to four games at North Sydney Oval, and no changes to the name and logo, although it's not clear exactly what that will mean. Loading Pickering admits to being 'very nervous' about the logo, which has already had 'North Sydney' removed in a bid to make the club a more attractive prospective franchise. 'But at the end of the day we've still got a team,' he says. For now, until fans get used to calling them just 'the Bears', or 'Perth', the club will still be 'North Sydney'. Even Florimo can't avoid the slippage, as he praises the sponsors and supporters 'that have helped us through, that have seen the light at the end of the tunnel'. 'That's North Sydney blood.'
