The Prague Post - Australian PM tells voters he's ready for Trump tariffs

EUR -
AED 4.181568
AFN 82.534435
ALL 99.576445
AMD 445.450127
ANG 2.051833
AOA 1038.2866
ARS 1295.507623
AUD 1.787868
AWG 2.052096
AZN 1.929497
BAM 1.959272
BBD 2.297271
BDT 138.234946
BGN 1.953533
BHD 0.429054
BIF 3382.564048
BMD 1.138472
BND 1.495284
BOB 7.861931
BRL 6.68033
BSD 1.137716
BTN 97.403595
BWP 15.682789
BYN 3.723334
BYR 22314.05756
BZD 2.28547
CAD 1.577871
CDF 3273.107569
CHF 0.927474
CLF 0.02876
CLP 1103.635205
CNY 8.366018
CNH 8.316523
COP 4909.22928
CRC 572.213939
CUC 1.138472
CUP 30.169517
CVE 110.460732
CZK 25.021288
DJF 202.329548
DKK 7.46728
DOP 68.73179
DZD 150.822202
EGP 58.166929
ERN 17.077085
ETB 151.38658
FJD 2.604714
FKP 0.861183
GBP 0.861203
GEL 3.13114
GGP 0.861183
GHS 17.612208
GIP 0.861183
GMD 81.407144
GNF 9847.449261
GTQ 8.766534
GYD 238.039705
HKD 8.836435
HNL 29.496266
HRK 7.525072
HTG 148.516643
HUF 407.745569
IDR 19129.238156
ILS 4.194696
IMP 0.861183
INR 97.456476
IQD 1490.440998
IRR 47943.919781
ISK 145.109773
JEP 0.861183
JMD 179.77856
JOD 0.80752
JPY 162.064925
KES 147.657725
KGS 99.52252
KHR 4556.834361
KMF 493.508881
KPW 1024.63261
KRW 1615.868211
KWD 0.349033
KYD 0.948172
KZT 595.855831
LAK 24640.879026
LBP 101943.840144
LKR 339.581724
LRD 227.551212
LSL 21.445901
LTL 3.361613
LVL 0.68865
LYD 6.224029
MAD 10.564219
MDL 19.682704
MGA 5183.229991
MKD 61.426944
MMK 2390.506504
MNT 4036.034749
MOP 9.094235
MRU 45.078878
MUR 51.378763
MVR 17.543591
MWK 1972.895888
MXN 22.684379
MYR 5.012125
MZN 72.741363
NAD 21.445901
NGN 1827.532674
NIO 41.872357
NOK 12.034848
NPR 155.846153
NZD 1.918417
OMR 0.438339
PAB 1.137826
PEN 4.256943
PGK 4.705338
PHP 64.426183
PKR 319.086508
PLN 4.279707
PYG 9103.130359
QAR 4.146948
RON 4.978885
RSD 117.458131
RUB 94.496148
RWF 1616.550259
SAR 4.272038
SBD 9.527132
SCR 16.238203
SDG 683.660141
SEK 11.113676
SGD 1.493135
SHP 0.894661
SLE 25.900008
SLL 23873.176921
SOS 650.252219
SRD 42.307863
STD 23564.07855
SVC 9.955641
SYP 14802.414815
SZL 21.462843
THB 37.717356
TJS 12.292935
TMT 3.996038
TND 3.412146
TOP 2.666416
TRY 43.436815
TTD 7.726691
TWD 36.879443
TZS 3048.255027
UAH 47.008297
UGX 4172.393303
USD 1.138472
UYU 48.205418
UZS 14769.170341
VES 87.796766
VND 29423.817226
VUV 139.712956
WST 3.183604
XAF 657.0867
XAG 0.034716
XAU 0.00034
XCD 3.076778
XDR 0.818949
XOF 657.121391
XPF 119.331742
YER 279.295716
ZAR 21.445506
ZMK 10247.615145
ZMW 32.312256
ZWL 366.587624
  • RBGPF

    0.1400

    63.59

    +0.22%

  • NGG

    0.5000

    71.48

    +0.7%

  • BCC

    -1.1800

    92.69

    -1.27%

  • CMSC

    -0.0200

    21.78

    -0.09%

  • SCS

    -0.2400

    9.71

    -2.47%

  • RIO

    -0.1000

    57.16

    -0.17%

  • GSK

    -0.3100

    35.37

    -0.88%

  • VOD

    0.0600

    9.17

    +0.65%

  • CMSD

    0.0400

    21.92

    +0.18%

  • RYCEF

    -0.3000

    9.4

    -3.19%

  • RELX

    -0.3100

    51.2

    -0.61%

  • AZN

    -0.8200

    67.05

    -1.22%

  • JRI

    -0.0300

    12.24

    -0.25%

  • BTI

    -0.4900

    41.83

    -1.17%

  • BP

    0.4500

    27.66

    +1.63%

  • BCE

    0.3800

    21.62

    +1.76%

Australian PM tells voters he's ready for Trump tariffs
Australian PM tells voters he's ready for Trump tariffs / Photo: MIKE BOWERS - AFP/File

Australian PM tells voters he's ready for Trump tariffs

Australia is ready for the impact of Donald Trump's trade tariffs, Prime Minister Anthony Albanese said Tuesday in a first television debate before the tightly contested May 3 elections.

Text size:

The US president's "act of economic self-harm" will dampen global growth, 62-year-old Albanese said as he faced right-leaning opposition leader Peter Dutton.

The US tariffs -- including a 10-percent levy on Australia -- present a challenge but "no country is better prepared", the centre-left Labor Party leader told a televised town hall debate in Sydney.

Australia will be able to seize trade opportunities in the Asia-Pacific region, Albanese said.

"We'll continue to negotiate, of course, with the United States looking for a better deal for Australia because reciprocal tariffs would, of course, be zero, because we don't impose tariffs on US goods."

Dutton, a 54-year-old former policeman, suggested he would show a stiffer backbone.

"The prime minister of the day should have the ability and the strength of character to be able to stand up against bullies, against those that would seek to do us harm, to keep our country safe," he said.

After suffering a decline in the polls towards the end of its three-year term, support for Albanese's Labor Party appears to be creeping higher in the final stretch to election day.

Latest surveys give his party a narrow lead in the polls as it offers tax cuts and cheaper healthcare to struggling Australians while condemning Trump's imposts on trade.

Dutton's Liberal-National Party coalition is courting voters with promises to lower the excise on fuel for a year and to reserve a portion of local gas production for Australia.

The opposition leader rejects accusations that he has adopted aspects of the Trump playbook for the campaign.

With an election slogan of "Let's Get Australia Back on Track", Dutton initially vowed to axe 41,000 public service jobs and end work from home for Canberra-based public servants in a drive for efficiency.

- Nuclear reactors -

But he retreated from both schemes this week, saying he "made a mistake" with the return-to-office plan, and that the job cuts would be made over time as people leave of their own accord.

Voters consistently cite the cost of living as a top concern, with annual inflation still running at 2.4 percent in December -- down from a 2022 peak of 7.8 percent.

The starkest difference between the prime minister and his opponent is their approach to climate change.

Albanese's government has embraced the global push towards decarbonisation, warning of a future in which iron ore and polluting coal exports no longer prop up the economy.

His election catchcry is "building Australia's future" -- an agenda that includes big subsidies for renewable energy and green manufacturing.

Dutton's signature policy is a US$200 billion scheme to construct seven industrial-scale nuclear reactors while slowing the rollout of solar and wind-generated energy.

On the eve of the election debate, a Roy Morgan poll gave Labor 53.5 percent support against 46.5 percent for the conservative opposition, on a two-party preferred basis.

Other surveys have been pointing to a tight race possibly leading to a hung parliament, with neither side in a majority.

J.Marek--TPP