Tuesday, July 29

Tag: national

Trump promised 200 deals by now. He’s got three, and one more is getting very close

At the conclusion of his first 100 days in office in late April, US President Donald Trump made a stunning statement about his progress on tariff negotiations: He had completed trade deals with 200 countries. More than two months later, Trump has announced just three of those agreements – with China, the United Kingdom and Vietnam. So what happened? President Donald Trump speaks to members of the press during a Cabinet Meeting at the White House on July 8. (Andrew Harnik/Getty Images via CNN Newsource) Wednesday marked the day that Trump had set three months ago as a deadline for all countries to reach a deal or face higher "reciprocal" tariffs. Trump has since publicly acknowledged that pausing those "Liberation Day" tariffs until July 9 left insufficient time...

Prime Minister Anthony Albanese’s office says Trump meeting cancellation ‘understandable’

A spokesperson for Prime Minister Anthony Albanese's office says it is "understandable" his face-to-face meeting with Donald Trump was cancelled, after the White House said the US president would be leaving the G7 summit in Canada early. "President Trump had a great day at the G7, even signing a major trade deal with the United Kingdom and Prime Minister Keir Starmer," White House press secretary Karoline Leavitt said on X. "Much was accomplished, but because of what's going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State." Prime Minister Anthony Albanese at the G7. (Alex Ellinghausen) Albanese was set to meet Trump on the sidelines of the G7 this week, but the timing of Trump's departure now means it will not go...

ASX recovers but $100 billion still wiped out

The Australian Stock Exchange recovered slightly after a massive opening loss of $160 billion today, but has still lost $100 billion for the day as of about midday AEST. The ASX 200 fell 6.4 per cent to a 16-month low of 7177.3 after the exchange opened at 10am. At about noon, it was down 3.7 per cent at 7383.1, rebounding from that low. There are fears the ASX could face another wipeout today. (Getty) Mining companies and the big four banks were among the biggest drops, which came even after the ASX-200 opened at a 100-day low of 7453.90. Asian markets also plunged today, deepening a global stocks rout triggered by US President Donald Trump's trade war. Japan's benchmark Nikkei fell by more than eight per cent shortly after opening. The share average, ...

Dutton and Albanese both get heckled on campaign trail

Both the prime minister and opposition leader have been heckled during their campaign stops this morning in Brisbane. Opposition Leader Peter Dutton was confronted by protesters from the environmental group Rising Tide outside the XXXX Brewery in Brisbane. A protester later identified as Natalie Lindner confronted Dutton and said: "Nuclear and gas will drive up energy bills. Why are you lying to the Australian people?" Peter Dutton in Brisbane today. (Nine) Peter Dutton has been promoting the coalition's energy policies throughout the day. The interruption is the second time anti-nuclear gatecrashers have disturbed Dutton. Earlier in the day, the prime minister was also heckled at a press conference at an urgent care clinic. A young man interrupted a pr...

US official labels Australia a ‘dumper’ of aluminium as tariff fallout continues

US Commerce Secretary Howard Lutnick has labelled Australia as a "dumper" of under-priced aluminium as domestic politicians scramble to push for an exemption on steel and aluminium tariffs. "You've got dumpers in the rest of the world. Japan dumps steel, China dumps steel," he told Fox Business. "We're going to stop that nonsense and bring steel here. "We're not going to stand for China dumping, Japan dumping, Australia does a lot of aluminium at below cost." Trump refused to grant Australia an exemption. (Getty) Lutnick said Trump was "protecting America". Australia's steel and aluminium exports to the US amount to about 0.2 per cent of the national total export value. This morning, opposition leader Peter Dutton promised to "get a deal done" with U...

Brad Battin to become Victorian Liberal leader as John Pesutto ousted

John Pesutto will step down as Victoria's opposition leader and exiled MP Moira Deeming will be readmitted to the parliamentary wing of the Liberal Party following a party room showdown. Berwick MP Brad Battin will replace Pesutto after emerging victorious in today's leadership vote. Former tennis star Sam Groth will become the deputy Liberal leader. Brad Battin will be the new leader of the Victorian Liberals, with Sam Groth (rear left) to be his deputy. (Eddie Jim) Battin defeated Kew MP Jess Wilson and Mornington MP Chris Crewther, who both threw their hats in the ring for the top job. Today's meeting also included a motion to readmit Deeming to the party, a week after a similar motion failed in a 14-all vote deadlock. Pesutto used his vote last week to bre...
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