Former prime minister Malcolm Turnbull derides Donald Trump's mercantilist view of trade and issues a warning for Anthony Albanese that he must be strong.
Malcolm Turnbull says Prime Minister Anthony Albanese will need to be strong in his dealings with Mr Trump to avoid tariffs.abc.net.au/news/malcolm-turnbull-donald-trump-tariffs-albanese/104919800Former prime minister Malcolm Turnbull has derided US President Donald Trump's views on trade as "economic nonsense" and asked Australians not to judge Anthony Albanese harshly if he cannot stop Mr Trump's proposed 25 per cent tariff on all steel and aluminium imports into the US.
Mr Turnbull said doing so took several calls and meetings with Mr Trump, but warned that Mr Albanese, who has organised an urgent call with Mr Trump, is dealing with a more bullish and emboldened president this time."It may be that Trump is determined to impose this tariff on every country, no matter what ... in which case, it won't be possible to secure an exemption.
That status quo still exists today as part of a free-trade deal between the nations that has existed for two decades, withMr Albanese, though, faces a different challenge and a different Donald Trump. "It's economic nonsense, obviously, but he's believed it for decades — and he's now surrounded by people who will support him."ABC News: Adam KennedyTo Mr Turnbull, that's another reason why his 2018 argument to Mr Trump — that hitting an ally like Australia with tariffs would send a negative message to the rest of the world — may not work for Mr Albanese.
Donald Trump Tarrifs Anthony Albanese Kevin Rudd Steel Industry
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malcolm Turnbull speaks on how to negotiate with Donald TrumpSarah Ferguson presents Australia's premier daily current affairs program, delivering agenda-setting public affairs journalism and interviews that hold the powerful to account. Plus political analysis from Laura Tingle.
Read more »
Malcolm Turnbull Warns Albanese on Trump's Steel and Aluminium TariffsFormer Australian Prime Minister Malcolm Turnbull criticizes Donald Trump's proposed 25% tariff on steel and aluminum imports, warning Prime Minister Anthony Albanese to be strong in negotiations to avoid negative consequences for Australia. Turnbull highlights the potential impact on Australian exports and Bluescope, a major steelmaker with operations in the US. He acknowledges the challenges Albanese faces due to Trump's more determined stance on trade compared to his first term.
Read more »
Malcolm Turnbull urges PM Albanese to stand up to ‘bully’ Trump and put Australia first7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Donald Trump launches his own meme coin $TRUMP days before inauguration7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Trump’s America: Donald Trump to spend first day sacking peoplePresident Donald Trump is meeting with congressional leaders in the White House; 18 US states sue to stop Trump’s birthright citizenship order. Follow live updates.
Read more »
Trump’s America: Donald Trump to spend first day sacking peoplePresident Donald Trump is meeting with congressional leaders in the White House; 18 US states sue to stop Trump’s birthright citizenship order. Follow live updates.
Read more »