Australia is facing economic challenges as Donald Trump's tariff policies continue to impact global trade.
The U.S. has imposed a 25% tariff on Australian steel and aluminum imports, affecting a $1 billion export market. Prime Minister Anthony Albanese has criticized the move, while former foreign minister Bob Carr warns that the U.S. is undergoing a lasting political shift. Meanwhile, Australia's high population growth model is under scrutiny, with concerns about the country's ability to provide adequate housing amid a slowdown in construction productivity.
As Trump's nationalist policies gain traction globally, Australia and other allies are strategizing on how to respond.
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Australia news LIVE: Power prices to increase up to 8.9 per cent; Fallout from Trump’s tariffs continues
Prime Minister Anthony Albanese denounced the Trump administration’s decision not to spare Australia from his 25 per cent tariffs on steel and aluminium imports. Together, Australian exports to the US of these materials are worth a total of $1 billion. LambPro business owner Tom Bull on his Kinross property in Holbrook, in the NSW Riverina.
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