Authorities pushes case in opposition to commerce tariffs from the US
As confusion and concern escalate over Donald Trump’s commerce tariffs for Canada and Mexico, Australians are hoping to be spared.
Authorities frontbencher Amanda Rishworth and shadow minister Bridget McKenzie are on the Right now present this morning, and have each weighed in.
Rishworth says the federal government is placing ahead its case on the “mutually useful preparations”.
We’ve been working, and we’ll proceed to work very laborious, to indicate that why Australia is in a very distinctive place. After all, America, you understand, advantages as properly from our free buying and selling preparations, as does Australian exports.
Whereas McKenzie says it’s a “take a look at” for the federal government.
America is our third largest buying and selling accomplice … However these tariff points, notably on aluminium and metal, are probably going to have flow-on influence for us. And it’s an actual take a look at for ambassador Rudd, for Penny Wong, for our commerce minister.
Key occasions
Is a free lunch ever a free lunch?
All of us love a free lunch, however how a lot will a plan from the Coalition for tax-free lunches for small companies would price the federal funds $1.6 billion a 12 months.
It’s an enormous quantity, and the Coalition hasn’t but put out its personal determine. Chalmers says:
If just one/8 of what’s eligible is claimed, if every thing is claimed, it goes to greater than ten billion a 12 months. However that’s unlikely… the perfect estimate the Treasury has supplied us is $1.6 billion a 12 months.
Host Sally Sara additionally asks Chalmers in regards to the olive department from the Greens to work with the federal government on playing.
Chalmers says he “hasn’t seen” the letter from the Greens, and that Labor works constructively with the crossbench.
There’s additionally extra on how a lot the federal government has carried out on playing reform in it’s time period (that is one thing the PM and Rowland additionally are inclined to say).
We proceed to work by means of the suggestions of the of the [Peta] Murphy inquiry, together with relating to issues like advertisements, and we all know that there are individuals who would love us to go additional and quicker relating to playing reform, however the authorities does have already got a really substantial report of coping with the harms of on-line playing in the entire methods
It’s additionally essential to recollect right here, motion on on-line playing advertisements was solely one of many suggestions from Murphy’s assessment.
Her committee additionally really helpful client protections for licenced on-line playing, a legislated obligation of care, and a crackdown on unlawful playing web sites.
Treasury has carried out modelling on price of potential US tariffs
Jim Chalmers has now gone to ABC RN Breakfast and says the federal government has carried out modelling on what influence tariffs from the US would have.
He received’t give us a quantity however says he’s labored with colleagues on the figures and the underside line is that Australia is “uncovered”.
I’ve had the power to temporary my colleagues on various events now on a few of that kind of work, and the broad conclusion out of that work is that Australia is an enormous beneficiary of open international buying and selling. We’re a really commerce uncovered economic system, it implies that we’re not immune when they’re escalating commerce tensions.
The deputy prime minister, Richard Marles, can be headed over to the US later this week to talk along with his defence counterpart Pete Hegseth (remembering Aukus is a factor, and the federal government desires it to proceed).
Chalmers says commerce relationship with US have to be ‘useful to either side’
Jim Chalmers is now on ABC Information Breakfast, once more beginning on the influence of the flooding in north Queensland.
He factors out that these pure disasters have gotten extra frequent right here, which he says Labor has been making an attempt to behave on, in making “communities extra resilient”.
They transfer to commerce – the primary level we’ve been listening to from the federal government, together with Chalmers, is that the US runs a commerce surplus with Australia, a “substantial” commerce surplus, Chalmers says.
Our relationship is mutually useful and all of the conversations we’ll have with our American counterparts can be about ensuring that this actually key financial relationship continues to be useful to either side.
What’s the Coalition’s nuclear plan once more?
There was loads of forwards and backwards on simply how a lot the Coalition’s nuclear plan will price, and you may guess it will likely be introduced up once more in parliament at the moment.
For a deep dive into what the specialists are saying, and what influence the plan could have on the local weather (additionally essential), have a learn of Graham Readfearn’s explainer:
Treasurer: Australia ‘uncovered’ to China’s economic system and international commerce
The treasurer, Jim Chalmers, is doing the TV rounds this morning.
The Queensland MP begins off on the Right now present, speaking in regards to the flooding in his state, and the help the federal government is offering.
We’ve acquired ADF personnel already serving to in Townsville. We’ve supplied army helicopters to assist attain remoted communities. The help funds are flowing, and folks ought to test their eligibility, however we’re serving to in each manner that we will.
Transferring on to the commerce tariffs the US is imposing abroad, he says they’re “not an enormous shock”.
They had been flagged in a method or one other within the American election marketing campaign. We received’t be immune from commerce tensions world wide however we’re assured that we will navigate these new insurance policies out of the US.
Authorities pushes case in opposition to commerce tariffs from the US
As confusion and concern escalate over Donald Trump’s commerce tariffs for Canada and Mexico, Australians are hoping to be spared.
Authorities frontbencher Amanda Rishworth and shadow minister Bridget McKenzie are on the Right now present this morning, and have each weighed in.
Rishworth says the federal government is placing ahead its case on the “mutually useful preparations”.
We’ve been working, and we’ll proceed to work very laborious, to indicate that why Australia is in a very distinctive place. After all, America, you understand, advantages as properly from our free buying and selling preparations, as does Australian exports.
Whereas McKenzie says it’s a “take a look at” for the federal government.
America is our third largest buying and selling accomplice … However these tariff points, notably on aluminium and metal, are probably going to have flow-on influence for us. And it’s an actual take a look at for ambassador Rudd, for Penny Wong, for our commerce minister.
Josh Butler
Greens problem Labor to behave on playing
The Greens have pledged to assist the federal government cross laws to restrict playing promoting this week, difficult Labor to enact wagering reforms that had been shelved late final 12 months.
Anthony Albanese promised “we’ll do extra” to forestall playing hurt, in a podcast interview revealed on Monday, however the prime minister once more downplayed the prospect of fulfilling late Labor MP Peta Murphy’s call for a full gambling ad ban.
The communications minister, Michelle Rowland, agreed authorities reforms had been “taking longer than hoped” however mentioned she was nonetheless working by means of session and coverage processes, seemingly rejecting the Greens’ push.
You possibly can learn the complete story right here:
Good morning
Krishani Dhanji
I’m Krishani Dhanji, right here with you for our first parliamentary sitting day of the 12 months.
There’s a lot to chew on this week – we’re manufacturing tax credit, debates on common childcare subsidies, hate speech legal guidelines and we’ll in all probability hear extra about reducing down the general public service.
These are additionally a few of the large ticket gadgets prone to be dominating the election marketing campaign, which could possibly be in a matter of weeks. And the nearer we get to 1, the extra theatrical parliament is prone to get.
There are additionally nonetheless some large query marks over key insurance policies similar to electoral donation reform, which can introduce caps on election donations and spending. Conversations are ongoing however it doesn’t seem the federal government has reached a deal. In the meantime, nature constructive legal guidelines, which might have established a federal setting watchdog, have been formally shelved, however they may doubtless nonetheless be talked about this week.
Seize your espresso, let’s get began.
Enterprise council requires funds spending caps
Jonathan Barrett
Australia’s enterprise business physique has launched its pre-election coverage suggestions designed to sort out what it describes because the “nation’s most urgent challenges” similar to inflation, housing shortages and the power transition.
In a coverage doc directed in any respect sides of politics, the Business Council of Australia has known as for caps on funds spending to assist management inflation, and fewer purple tape and regulation to advertise productiveness.
The funds spending suggestion could possibly be considered as a critique of the federal authorities, which has confronted calls from some economists to rein in spending to convey inflation beneath management quicker.
The treasurer, Jim Chalmers, has beforehand argued in opposition to a coverage of “scorched-earth austerity” throughout a cost-of-living disaster.
The enterprise group desires spending development capped to an annual fee of two%, and a tax-to-GDP ratio cap of 23.9%.
The council can be advocating for reforms to the approvals course of to spice up housing provide and for political events to take a “know-how agnostic strategy” in pursuit of a pathway to internet zero by 2050.
Labor and the Coalition are taking vastly different energy policies to the election, due by Might.
The council has additionally known as for a “transfer again to fundamentals” to elevate the standard of training.
Teenager lifeless in island shark assault
Stepping away from politics for a second earlier than issues kick off: a teen has died after being bitten by a shark off south-east Queensland.
Queensland ambulance service confirmed the feminine teenager had sustained accidents to her higher physique whereas swimming off Woorim seaside on Bribie Island, north of Brisbane, on Monday afternoon. She died simply after 5pm.
Welcome
Good morning and welcome to our dwell information weblog. I’m Martin Farrer with the highest in a single day tales after which it will likely be Krishani Dhanji with the primary motion.
After a summer season of sharpening their messaging, Anthony Albanese and Peter Dutton will return to lock horns in Canberra at the moment together with all different federal MPs and senators in what could possibly be the ultimate sitting of parliament earlier than a federal election is named. It comes as extra voters see Peter Dutton as in contact with unusual Australians, decisive and higher in a disaster than Anthony Albanese, with the opposition chief’s standing bettering on key management indicators in our latest Guardian Essential poll. Extra developing.
A number one power business skilled says Dutton has “no concept what he’s speaking about” after the opposition chief claimed that slowing the rollout of renewable power and backing nuclear energy may convey down payments by 44% “or of that order”. Dr Dylan McConnell, of the College of New South Wales, mentioned Dutton didn’t even perceive his personal coverage. Extra developing. Check out our explainer for extra evaluation on the Coalition’s nuclear plans.
A small neighborhood close to Brisbane is in shock at the moment after the dying of a teen after a shark assault. She was swimming off Bribie Island simply north of Brisbane yesterday when she was attacked. Extra developing.
